Investors jittery after Sen. Reid insurer comment | Reuters
US SWAPS-2Y spread hit record as stocks end sharply lower | Markets | Markets News | Reuters
US SWAPS-2Y spread hit record as stocks end sharply lower | Markets | Markets News | Reuters
Five-year credit default swaps on MetLife Inc (MET.N: Quote, Profile, Research, Stock Buzz)
rose to 11.5 percent upfront, or $1.15 million a year to protect $10
million of debt, plus $500,000 in annual premiums, according to data
from Markit Intraday. The swaps had closed at 514 basis points on
Wednesday.Hartford Financial Services Group's (HIG.N: Quote, Profile, Research, Stock Buzz) swaps rose to 10.5 percent upfront from 520 basis points.
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