Lead managers on the first Australian residential mortgage-backed security (RMBS) issue of 2010 – AMP Bank's A$1 billion (US$902.8 million) Progress Trust 2010-1 (Progress 2010-1) transaction that priced on January 22 – say the market has picked up where it left off late last year in terms of returning confidence. A healthy pipeline of deals is predicted, as well as the return of offshore currency issuance by Australian firms.