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 …
ABX Trading Higher In July 2008
July 31, 2008 by admin
Filed under Real Estate Blog
The Street has been bullish on the ABX trading the last couple weeks. AAA bonds from the 06-01 Index have been trading higher in 9 out of the past 11 sessions (includes today’s intraday quote). I’m not saying we’ve hit bottom, but definitely showing encouraging signs in the housing market from the Street’s …