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Re: None

Tuesday, 09/11/2007 8:26:46 PM

Tuesday, September 11, 2007 8:26:46 PM

Post# of 51872
Subprime Bond Retest of Lows

At this website:

http://www.markit.com/information/affiliations/abx

CLick on:

ABX-HE-BBB- 07-1

to see a chart of the worst subprime bond prices. Prices bounced and have started lower. We'll see how strong the support is.

Out of curiosity, I looked at several other bond charts. There was a pretty good pattern of higher rated bonds having stronger recoveries off their August '07 lows. This indicates the lower rate bonds are going into default, not bailout.
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