Thursday, July 26, 2007

UPDATE 1-Credit derivatives plummet on supply, subprime woe

(Reuters) - NEW YORK, July 26 - U.S. credit default swap
spreads widened dramatically on Thursday because of worries
about a heavy forward calendar of debt supply and turmoil in
the subprime mortgage market, market sources said.




The investment-grade index widened about 4.5 basis points
to around 61.5 basis points, while an index of high-volatility
credits widened about 9 basis points to 159 basis points.


Read more at Reuters.com Bonds News

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