Synth Structured Values Sit At 30-40% Of ’06 Mark

14 Nov 2008

JPMorgan is estimating a typical synthetic structured credit mezzanine tranche is trading at 30-40% of its 2006 value, and some are as low as 5-10%.

--Irene Chapple

JPMorgan is estimating a typical synthetic structured credit mezzanine tranche is trading at 30-40% of its 2006 value, and some are as low as 5-10%. The estimates are contained in a report this week from its London credit strategists, and underscore the distressed levels of the ...

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