(Reuters) - The ABX "BBB-minus" 07-1 index, which is tied to loans made
in last year's second half, fell to 42.5 after closing at a
record low of 44.86 on Thursday. The ABX 06-2, which references
loans made in last year's first half, slid to 46.5 following
its close of 50 on Thursday. The new ABX 07-2 index was not
trading significantly.
"It's all fear, and just a rumor mill," that's driving the
index lower, said Mike Kagawa, portfolio manager at Paydel &
Rygel in Los Angeles.
Read more at Reuters.com Bonds News
in last year's second half, fell to 42.5 after closing at a
record low of 44.86 on Thursday. The ABX 06-2, which references
loans made in last year's first half, slid to 46.5 following
its close of 50 on Thursday. The new ABX 07-2 index was not
trading significantly.
"It's all fear, and just a rumor mill," that's driving the
index lower, said Mike Kagawa, portfolio manager at Paydel &
Rygel in Los Angeles.
Read more at Reuters.com Bonds News
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