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Feb 29 2008 9:31AM EST

ABX Datapoint of the Day

As Peloton implodes, it's liquidating its long mortgage positions, to nasty effect. The triple-A tranche of the most recent ABX index is now at just 61, while the double-A tranche has crashed all the way to 26. Yeah, that's the one I thought was a buy at at 45. Turns out, not so much.

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