Real Estate, Subprime and Credit Market
As the housing market keeps turning for the worse, the subprime sector of asset backed market has been deteriorating since the beginning of the year.
In the last couple weeks, amid the fallout of the Bear Stearns hedge funds, there have been signs that this weakness is spreading to other sectors of asset back securities and even the broad credit market.
Here are some of the relevant indices tracked by MarkIt:
- ABX - Home Equity (BBB rated):
- ABX - Home Equity (AAA rated):
- CDX - Investment Grade:
- CDX - High Yield (AAA rated):
