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Markit ABX indices still at or near all time lows

No Comments » Written on November 6th, 2008 by
Categories: Crisis2008
Increasing liquidity (TED spread at 2!) hasn't helped subprime prices it seems. The Markit ABX prices, for 07-2 AAA (The AAA tranche of home equity ABS issued in the second half of 07) is at 41.7 cents to the dollar. What, may I ask, is AAA about that?

Stupid Deepak. So many questions.

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This entry was posted on Thursday, November 6th, 2008 at 5:49 PM and is filed under Crisis2008. You can subscribe to any comments to this entry via RSS 2.0. You can leave a response, or trackback from your own site.

About the Author: Deepak Shenoy
http://www.capitalmind.in
The man behind Capital Mind. Deepak is a co-founder at MarketVision, a financial knowledge company in Gurgaon. He also provides data research and consulting services in the financial markets space. Connect with him at deepakshenoy@gmail.com.

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