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Post by jeffolie on Feb 21, 2007 16:55:24 GMT -6
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Post by unlawflcombatnt on Feb 21, 2007 18:17:45 GMT -6
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Post by jeffolie on Feb 22, 2007 15:23:51 GMT -6
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Post by unlawflcombatnt on Feb 22, 2007 16:27:48 GMT -6
It certainly has fallen markedly since yesterday. I'm not completely sure how to read the numbers on the chart, but yesterday the low point on the graph was above 99.8. Today it is has fallen to 99.7. They've rescaled the graph so that today's precipitous drop isn't as obvious. However, if someone copied yesterday's graph (which I did), then compares it with today's graph, it's obvious that the index is still falling off a cliff. www.markit.com/cache/curves/2ed5f20dbfd9327a0030781e22a.pngIt appears this fall began in February 2007, and that the index had been pretty stable from August up until February 2007. Is that your interpretation as well?
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Post by jeffolie on Feb 22, 2007 20:27:08 GMT -6
The ABX index for prime and sub-prime mortgages is still falling in value. Today, the ABX-HE-A 07-01 settled 94.22% and the BBB- 06-02 settled at 72.71%, both new lows.
That makes the prime derivative down about 6%.
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Post by jeffolie on Feb 23, 2007 15:38:09 GMT -6
Now at 69.39 down about 31%.
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Post by unlawflcombatnt on Feb 23, 2007 17:02:12 GMT -6
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