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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: russwinter who wrote (71364)10/8/2006 12:25:13 PM
From: zebra4o1  Read Replies (1) of 110194
 
ABX.HE according to James Grant:

"A falling index means that mortgage spreads are widening, a rising index that they are tightening"

What's really confusing is all the different ABX.HE indices. What is the difference between ABX-HE-BBB- 06-2 which is dropping, versus ABX-HE-BBB- 06-1 which is doing fine (I think).
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