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Strategies & Market Trends : Dave Gore's Trades That Make Sense

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To: Bruce A. Brotnov who wrote (10864)	8/7/2002 6:10:48 PM
From: Dave Gore	of 16631

Just found this from Reuters. Good news for ACF perhaps. *** Asset-backeds-Spreads Firm, $3.4 Bln in New Supply August 07, 2002 16:36:17 (ET) NEW YORK, Aug 7 (Reuters) - New supply kicked up another notch in the U.S. asset-backed securities market on Wednesday, with more than $2.5 billion in securities sold, reflecting core demand for this type of debt despite fears over rising consumer defaults**. Unlike the general dearth of supply in recent weeks, plans for new asset-backed deals have been popping up daily. Another $3.4 billion in new issues emerged by various corporate borrowers on Wednesday. The largest issue of the new offering calendar was a $1.6 billion car loan securitization from AmeriCredit Corp. (ACF,Trade).

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