View Full Version : What does AAA MBS deterioration really mean?

07-23-07, 01:16 PM
Here was an interesting blurb from: http://www.bloomberg.com/apps/news?pid=20601039&sid=anqRdcz.pc6I&refer=home&ref=patrick.net

"The top-rated ABX AAA index, trading at 99.52 at the start of last month, slumped to 95.23 this week.
To wrap some less opaque context around that concept, a similar decline in the price of the AAA rated 10-year U.S. government bond would send its yield soaring to a near seven-year high of 5.63 percent from its current 5.03 percent."

Hmm! :eek: