The business of packaging credit card debt into ABS is a hot one again, as near-record low...

|By:, SA News Editor

The business of packaging credit card debt into ABS is a hot one again, as near-record low delinquencies combines with investor demand for yield. Spreads between the paper and Treasurys have narrowed to about the levels seen at the peak of last cycle's great credit boom. Capital One (COF) is the latest, hawking $750M of packaged debt to investors.