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MMNEWS-ABX subprime mortgage index little changed

Mon Apr 9, 2007 9:29am EDT

The benchmark ABX derivatives index opened mostly unchanged on Monday, a trader said. The ABX 2006-2 "BBB-minus" index, which references home loans made to risky borrowers in 2006's first half, ended Friday's session at 70.34, according to Markit.com. The index remains about 24 percent lower than where it began the year. Reuters Messaging rm://neil.shah.reuters.com@reuters.net

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