High Grade ABX-HE indices
According to the press release, Morgan Stanley used ABX indices as a reference point for its ABS asset valuations. Looking at the changes in high grade (AAA) ABX-HE index in the last couple days, it seems that there might be more to write down post Oct 31st.
Makes me wonder how other "smarter" banks (read: GS and LEH) are holding up in this climate.
