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ABS Spreads Wide Despite Govt. Bailout Proposal: ABS market unsteady as TARP details are awaited

The ABS market remained in limbo last week as Congress and the Treasury fleshed out plans for the government's Troubled Asset Relief Program (TARP). Although investor interest in non-agency MBS was up, actual trading activity has been light, UBS analysts said. "We have seen more inquiries from hedge funds, distressed...

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