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.

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  1. 3 Responses to “Credit News”

  2. By ndk on Aug 18, 2008 | Reply

    2 year swap spread at 104 and climbing…

  3. By John Jansen on Aug 18, 2008 | Reply

    starting to feel like springtime!

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  2. Aug 18, 2008: Brad Setser: Follow the Money » Blog Archive » Ut-oh

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