Dealers curb market-making as ABX plumbs record lows

By Dan Alderson

Thursday, February 26, 2009

Dealers recoiled from providing liquidity in ABX yesterday as continued beating by hedge fund and prop desks drove 07-2 and 07-1 triple-A tranches below 30 points

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Comment by: Yiannis Tsiounis. Posted 15 years ago [2009-02-26 16:12:47]

Actually the quotes are 2 or at most 3 points apart (in bid/offer spread), throughout yesterday and today. From at least 5 separate dealers.

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