This page is an overview of U.S. securitized assets, or fixed income instruments whose value and income payments are based on an underlying pool of assets, typically loans. On the left, we see the spreads for commercial mortgage-backed securities (CMBS), asset-backed securities (ABS) and mortgage-backed securities (MBS). We also look at some of the fundamentals of the underlying assets, such as delinquency levels in the consumer sector. If delinquency rates are rising, it might suggest a negative outlook for any ABS based in that sector. These should give us an idea of how risky some of these securities are.