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3 ArticlesABX

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ABX and CMBX: Meltdown

As I’d mentioned in a post one week ago, the ABX indices were hitting lows. Today I checked again, and every single price is at all time lows. The ABX ...

ABXes going nuts again

The ABX indices seem to be hitting newer and lower lows. ABX is based on the various tranches of CDOs of subprime mortgage loans (see here for more, and thanks ...

ABXes Hitting New Lows

The Markit ABX indices, which are based on asset backed securities, are trading at new lows. This is the graph for the ABX based on loans (rated AAA!) made in ...