news, comment, analysis and data on the global business of credit trading and investing
Trading
Dealers to launch ABX prime index
Wednesday, December 9, 2009
Dealers have decided to create a credit default swap index tied to US prime-mortgage securities, it has been reported today. The index, known as ABX.PRIME and similar to the existing ABX index on subprime home equity, will launch in the first quarter of 2010, according to Markit. It will allow participants to hedge against prime mortgage losses of bet on their credit quality.
<< END >>
Related stories
- US financials rally as unemployment figures boost market... 19 hours ago
- Portugal gaps wider on reports it is planning to copy Greek debt... 20 hours ago
- Macro funds spook ABX dealers 5 years ago
- Dealer adds replenishment twist to jumbo single-tranche ABS CDO 5 years ago
- Dealers agree terms for ABX tranches 5 years ago
CFlux secondary
CLO index levels:
| Index | 6 Feb |
|
| CFlux USD AAA | ↑ | 94.9 |
| CFlux USD AA | ↓ | 81.3 |
| CFlux USD A | ↓ | 75.0 |
| CFlux USD BBB | ↑ | 74.8 |
| CFlux USD BB | ↑ |
72.1 |
| CFlux USD EQ | ↑ | 67.6 |
