Chart 1: Most Investment Grade Securitizations Performed Poorly Compared to Corporates
A bar graph showing an estimate of the Baa-rated 5-year loss rate by investment type. The rate for U.S. commercial mortgage-backed securities was 0.4%; for global corporate bonds, 1.2%; for U.S. residential mortgage-backed securities, 2.2%; for U.S. home equity lines of credit, 3.4%; for U.S. asset-backed securities, 6.3%; for global collateralized debt obligations, 19.1%.