Thursday, 19 July 2007

UPDATE 1-New ABX subprime mortgage index climbs higher

(Reuters) - NEW YORK, July 19 - The newest benchmark ABX
series, tied to subprime loans made in this year's first half,
climbed 3.5 points to 52.5 in its debut session on Thursday,
traders said.




"The ABX 07-2 index is ripping higher," said one trader,
referring to the "BBB-" segment, which opened at 49 earlier.


Read more at Reuters.com Bonds News

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