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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