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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: ild who wrote (48445)12/30/2005 12:41:33 PM
From: Ramsey Su  Read Replies (1) of 110194
 
ild,

I was somewhat "disappointed" with those numbers. Specifically, I was hoping the Primary Insurance Defaults would be up higher.

Now I can only guess. Could that number be stable because the spike in Oct was the result of the BK law change deadlines? Could it be Katrina forebearance is still postponing a number of defaults, albeit artificially?

My other observation is the shift of weight to the bulk side. As I understand, these are higher risk policies.

Ramsey
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