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Old 03-10-2007, 12:45 AM
SMB SMB is offline
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Default Re: Sub Prime Casulties

Spreads on credit default swaps for the ABX Indices (which are essentially an index of subprime mortgage-backed bond issues) have dramatically widened over the last several months. 2006 issues are trading around 1700bps, which means it'll cost $17 per $100 insured. That's incredible.
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