ABX Index Struggling Along With The Housing Market
March 3, 2009 by gtsay
Filed under ABX, Real Estate Blog
Rating Agency Incompetence The AAA tranche of the ABX 06-02 is now trading in the 30s. The bonds that were rated AAA investment grade at the time of securitzation back in 2006 are now trading at 37 cents on the dollar. Just goes to show the severity of the housing crisis and also the …