(Bloomberg) -- The risk of owning bonds of Wall Street
firms soared as concerns escalated that investment banks will be
hurt by losses from subprime mortgages and corporate debt.
Credit-default swaps on $10 million of Goldman Sachs Group
Inc. bonds jumped as much as $18,000 to a record $85,000,
according to broker Phoenix Partners Group in New York. Bear
Stearns Cos. credit swaps surged as much as $29,000 to $110,000,
also a new high. Lehman Brothers Holdings Inc. climbed as much as
$24,000 to $104,000.
Read more at Bloomberg Bonds News
firms soared as concerns escalated that investment banks will be
hurt by losses from subprime mortgages and corporate debt.
Credit-default swaps on $10 million of Goldman Sachs Group
Inc. bonds jumped as much as $18,000 to a record $85,000,
according to broker Phoenix Partners Group in New York. Bear
Stearns Cos. credit swaps surged as much as $29,000 to $110,000,
also a new high. Lehman Brothers Holdings Inc. climbed as much as
$24,000 to $104,000.
Read more at Bloomberg Bonds News
