Monday, Oct 23, 2006

Housing Slump in U.S. Poised to Worsen

Housing Slump in U.S. Poised to Worsen, Derivatives Trades Show: Bloomberg

The slumping U.S. housing market is about to get a lot worse, according to traders of mortgage-backed securities and the so-called derivatives on which they are based. The ABX index, which measures the risk of owning bonds backed by home-loans to people with poor credit, rose 30 percent since Aug. 9 to the highest since January. There are more than $500 billion of such notes outstanding.

Posted by @ 09:39 AM (485 views)
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1 Comment

1. sovietuk said...

"The slumping U.S. housing market is about to get a lot worse". Good.

Tuesday, October 24, 2006 12:08PM Report Comment

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