UPDATE 1-U.S. year-to-date asset-backed debt volume jumps

Newswire

(Adds detail on asset-backed sectors) NEW YORK, Sept 30 (Reuters) - U.S. asset-backed security issuance in the first nine months of 2003 surged to $409.6 billion, up over 22 percent from the same period the previous year, as low rates spurred extensive home loan refinancing, according to data released on Tuesday by Thomson Financial. The top underwriter of asset-backed securities in the first three quarters was Citigroup's Citigroup Global Markets, which was also ranked first the same ...

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