Why Subprime CDS Drop Could Continue in the Short Term

One interesting instrument that has been used to take the pulse of the nonagency securitized residential mortgage market has been the U.S. subprime credit default swap index, and recently Fitch Solutions’ dropped modestly and reversed its direction, ending what previously had been an unprecedented rally. This trend has looked likely to continue, although it could be short term.

Article source: http://www.nationalmortgagenews.com/nmn_features/subprime-cds-drop-could-continue-1025991-1.html?CMP=OTC-RSS

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