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Home » Store » Taxable » Wall Street Dealers Launch New Reference Index Backed by Subprime MBS Classes

Wall Street Dealers Launch New Reference Index Backed by Subprime MBS Classes

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Investors in subprime mortgage securities will soon have a new option to consider – an index made up of bonds backed by loans from 20 major issuers. No firm launch date has been set yet for the so-called ABX Index. Officials at Markit, a New-York based credit pricing firm which will manage the index, said that some details remain to be worked out. …
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