(Reuters) - The ABX 07-1 "BBB-" index, which is tied to subprime mortgage loans made in last year's second half, fell to 54.54, below the 56.16 record low close set earlier this week, according to Markit.com. The index has tumbled by 42 percent since January.
The ABX 06-2 "BBB-" series, which references loans made in last year's first half, also fell to a record low 60.84 at the close on Friday, after setting a low of 62.16 earlier in the week, according to Markit.com. The index has fallen 38 percent this year.
Read more at Reuters.com Bonds News
The ABX 06-2 "BBB-" series, which references loans made in last year's first half, also fell to a record low 60.84 at the close on Friday, after setting a low of 62.16 earlier in the week, according to Markit.com. The index has fallen 38 percent this year.
Read more at Reuters.com Bonds News
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