Each time I write about the ABX Indices, the news continues to deteriorate.
'The ABX Index is a series of credit-default swaps based on 20 bonds that consist of subprime mortgages.ABX contracts are commonly used by investors to speculate on or to hedge against the risk that the underling mortgage securities are not repaid as expected.' http://www.markit.com/
Heres the latest update!
Previous posts on the ABX Indices
November 10, 2007
March 24, 2008