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BlackRock Deal Brings a Spring Back to ABS: Cards and autos dominate trading as good news livens up players' mood

The ABS market was in better spirits last week, thanks to BlackRock's announcement that it will purchase $15 billion of subprime mortgage debt from UBS.

BlackRock's plans to purchase the debt at a 25% discount from its face value of $20 billion is a sign that the market is...

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