(Reuters) - Bear Stearns Cos. Inc. debt weakened late on
Wednesday and remains near its recent wides over concerns about
losses made by two of its hedge funds that made bad bets on
subprime mortgages.
The cost to insure Bear's debt with credit default swaps
has risen by around 6 basis points to about 46.5 basis points,
or $46,500 per year for five years to insure $10 million in
debt.
Read more at Reuters.com Bonds News
Wednesday and remains near its recent wides over concerns about
losses made by two of its hedge funds that made bad bets on
subprime mortgages.
The cost to insure Bear's debt with credit default swaps
has risen by around 6 basis points to about 46.5 basis points,
or $46,500 per year for five years to insure $10 million in
debt.
Read more at Reuters.com Bonds News
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