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Prime sub par threatens

Oct 10 2011  Sub-prime mortgage-backed securities dipping below par, or full value, as measured by the ABX index, arguably prefaced the financial crisis of the last decade. Tracy Alloway, capital markets correspondent, warns that its steadier sibling the PrimeX, which follows higher-quality US MBS, is now threatening to dip below par, a worrying sign for the US economy.  (3m 3sec)
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Produced by Darryl Thomson. Filmed by Rod Fitzgerald.

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