Credit News
August 18th, 2008 11:07 am | by John Jansen |FNMA and Freddie Mac CDS on subordinated debt have opened 20 basis points wider than levels which prevailed late Friday. FNMA is quoted 290/305 and Freddie is quoted295/310.The American Express deal which priced 425 basis points over the 5 year Treasury and 90 cheap to comparable Amex paper has tightened feebly in secondary trading and is quoted 422/417.
3 Responses to “Credit News”
By ndk on Aug 18, 2008 | Reply
2 year swap spread at 104 and climbing…
By John Jansen on Aug 18, 2008 | Reply
starting to feel like springtime!