(Reuters) - Bond collateral "performance generally should not be
expected to begin changing the baseline cashflow distributions
this soon," said Christopher Sullivan, chief investment officer
for pension funds at the United Nations in New York. Worse
performance in older ABX indexes makes this move less
surprising, however, he said.
The issue is one of 20 in the benchmark ABX-HE 07-2 index
that was launched last month. The ABX indexes have become
widely watched since they are the most transparent way of
gauging prices on the securities and can be used by investors
to hedge their holdings of debt backed by risky mortgages.
Read more at Reuters.com Bonds News
expected to begin changing the baseline cashflow distributions
this soon," said Christopher Sullivan, chief investment officer
for pension funds at the United Nations in New York. Worse
performance in older ABX indexes makes this move less
surprising, however, he said.
The issue is one of 20 in the benchmark ABX-HE 07-2 index
that was launched last month. The ABX indexes have become
widely watched since they are the most transparent way of
gauging prices on the securities and can be used by investors
to hedge their holdings of debt backed by risky mortgages.
Read more at Reuters.com Bonds News
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