(Reuters) - ABX 07-1 "BBB-" index, which is tied to loans made to risky borrowers in last year's second half, opened Wednesday's session at 50.50, falling below its record 51.42 low close on Tuesday. During the prior session, the index used to hedge subprime mortgage bets hit an intraday low of 49 bid, before rebounding toward the end of the session, traders said.
The ABX 06-2 index, which reference loans from 2006's first half, was quoted at 58 in early trade, down from its 58.58 low close in the prior session.
Read more at Reuters.com Bonds News
The ABX 06-2 index, which reference loans from 2006's first half, was quoted at 58 in early trade, down from its 58.58 low close in the prior session.
Read more at Reuters.com Bonds News
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