The ABX indices
http://www.markit.com/information/products/category/indices/abx.html
is probably oversold at this point. While I don't have the models to verify the risk analysis, the investment banking community is claiming that current prices anticipate a 75% defaul rate in the BBB rated securities. I'm guessing that these securities are oversold, any buyers.
Subscribe to:
Post Comments (Atom)
1 comment:
I just bookmarked your blog. I read it when I get the time. Now's probably a good time to watch how an economy behaves when the brakes fail. Keep on blogging....
Post a Comment