Asset-Backed Alert, by Harrison Scott Publications

The writers at Asset-Backed Alert reported in March that market players were starting to worry that the values of asset-backed securities may have climbed too high.

The article noted "... as investors continue to gorge themselves on securitized products, industry participants are beginning to wonder whether it would take much to send those buysiders scurrying out of the market - reversing the favorable technicals that have been in place for the past two years.

Their concern is that less-experienced buyers are indiscriminately purchasing bonds without enough regard to the risk they incur, therefore driving up the values of lower-quality products to unjustified levels. "We've seen better economic conditions, and spreads haven't been this tight," one longtime investor said..."