(Reuters) - NEW YORK, July 26 - U.S. brokers' credit spreads
widened by about 20 basis points on average due to worries
about risky mortgages and a recent spate of pulled financings
for corporate buyouts, analysts said on Thursday.
Bear Stearns Cos.' credit default swap spreads
jumped about 25.5 basis points to 110 basis points, which means
it costs $110,000 annually to protect $10 million of its debt
for five years.
Read more at Reuters.com Bonds News
widened by about 20 basis points on average due to worries
about risky mortgages and a recent spate of pulled financings
for corporate buyouts, analysts said on Thursday.
Bear Stearns Cos.' credit default swap spreads
jumped about 25.5 basis points to 110 basis points, which means
it costs $110,000 annually to protect $10 million of its debt
for five years.
Read more at Reuters.com Bonds News
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