Thursday, November 13, 2008

Cliff diving*

* As CR would say.

The Markit ABX-HE indexes are posting new lows. While most market participants have their eyes on such symptoms as the LIBOR rates and spreads, I like to look at the prices of the (asset-backed) securities that are at the origin of the illness:





















































http://www.markit.com/information/products/category/indices/abx/history_graphs.html

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