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Home » Index Created to Track, Hedge Jumbo MBS Pricing
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Index Created to Track, Hedge Jumbo MBS Pricing

April 30, 2010
An index to gauge prime non-agency mortgage-backed security pricing and hedge against such collateral launched this week. Similar to the subprime-tracking ABX index, the PrimeX is designed to hedge against jumbo MBS principal writedowns and interest rate shortfalls. The PrimeX is administered by Markit, a financial information services company, which also administers...
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