Friday, March 07, 2008

US corporate bond spreads approach widest on record | Funds | News | Reuters

Once upon a time, CDS premiums were in the $30k to $50k range.

That was a long time ago...

Credit default swaps on Lehman Brothers'(LEH.N: Quote, Profile, Research) debt traded near 300 basis points, or $300,000 a year for five years to protect $10 million of debt, while Goldman Sachs'(GS.N: Quote, Profile, Research) swaps were around 215 basis points, the analyst said.

US corporate bond spreads approach widest on record | Funds | News | Reuters

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