Capitalmind
Capitalmind
Commentary

Markit ABX indices still at or near all time lows

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.