Wednesday, July 25, 2007

UPDATE 1-ABX fall to record lows on weak subprime loan data

(Reuters) - NEW YORK, July 25 - Benchmark ABX indexes fell to
record lows on Wednesday as July performance data showed
further deterioration in loans underlying subprime mortgage
securities, traders and analysts said.




"The "BBB-" indexes are down by one to two points across
the board on the latest remittance reports," said one trader.
The indexes are a tool used to hedge subprime mortgage risks


Read more at Reuters.com Bonds News

No comments: