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Markit ABX indices still at or near all time lows

Deepak Shenoy1 min read
Quick Facts
What is "Markit ABX indices still at or near all time lows" about?
What category is this article in?
Commentary
Who wrote this article?
Deepak Shenoy, Capitalmind's research team.
When was this article published?
Published 6 November 2008.
How long does this article take to read?
1 min read
What topics does this article cover?
Crisis 2008

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.