http://www.dailyreckoning.com.au/cdo-liquidation/2008/02/11/ An independent perspective on the Australian and global investment markets Sun, 21 Mar 2010 08:08:15 +0000 http://wordpress.org/?v=2.8 hourly 1 http://www.dailyreckoning.com.au/cdo-liquidation/2008/02/11/comment-page-1/#comment-6843 Coffee Addict Mon, 11 Feb 2008 06:20:41 +0000 http://www.dailyreckoning.com.au/cdo-liquidation/2008/02/11/#comment-6843 There are some real bargains to be had, so long as the CDO does not have a significant residential mortgage component. Yes there is risk but I hear that some commerial debt based instruments with zero defaults are being marked to market at a discount of 40%. I know my comments here are usually bearish - and that the commercial default rate in markets such as Australia may rise - but this sort of discount for instruments of reasonable quality is riduculous! There are some real bargains to be had, so long as the CDO does not have a significant residential mortgage component. Yes there is risk but I hear that some commerial debt based instruments with zero defaults are being marked to market at a discount of 40%. I know my comments here are usually bearish - and that the commercial default rate in markets such as Australia may rise - but this sort of discount for instruments of reasonable quality is riduculous!

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