(Reuters) - NEW YORK, June 26 - Benchmark ABX indexes fell to
fresh lows on Tuesday, driving the cost of insuring subprime
mortgage securities against default sharply higher, investors
and analysts said.
The ABX 07-1 "BBB-" series, which is tied to subprime loans
made in last year's second half, sank to 55.70 on Tuesday from
56.18 at Monday's close. The index has fallen 42 percent since
it was launched in January.
Read more at Reuters.com Bonds News
fresh lows on Tuesday, driving the cost of insuring subprime
mortgage securities against default sharply higher, investors
and analysts said.
The ABX 07-1 "BBB-" series, which is tied to subprime loans
made in last year's second half, sank to 55.70 on Tuesday from
56.18 at Monday's close. The index has fallen 42 percent since
it was launched in January.
Read more at Reuters.com Bonds News
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