U.S. subprime credit default swap prices rose for the fifth month in a row in March, according to Fitch Solutions. Recording the greatest increase at 9.4% were vintage, followed by a 6.7% boost for vintage 2007. David Austerwell, a Fitch director, said, “Recent improvements in the job market are translating into falling subprime delinquency rates,” adding that “fewer subprime borrowers are rolling from the early stages of delinquency to the later.”
