After taking a break in April, the three ABX.HE indices experienced an at-times brutal decline in quality last month, with 30-day and 60-day delinquencies on the rise for all indices, while analysts feared that the newest market index, ABX 07-01, was deteriorating far faster than its more established sister indices.

For the first time, ABX 07-01 30-day delinquencies were higher than those for both ABX 06-1 and ABX 06-2. The ABX 07-01, which began at the start of this year, currently has 30-day delinquencies at 4.06%, greater than ABX 06-1's 3.64% and ABX 06-2's 4.05% rates.

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