(Reuters) - Recent developments, including problems at some of Bear
Stearns' managed hedge funds, have the potential to hurt the
company's performance for an "extended period," S&P said in a
statement. For details see [ID:nN03300207].
The cost to insure Bear's debt with credit default swaps
rose to around 160 basis points, or $160,000 per year for five
years to insure $10 million in debt, from about 115 basis
points at Thursday's close.
Read more at Reuters.com Bonds News
Stearns' managed hedge funds, have the potential to hurt the
company's performance for an "extended period," S&P said in a
statement. For details see [ID:nN03300207].
The cost to insure Bear's debt with credit default swaps
rose to around 160 basis points, or $160,000 per year for five
years to insure $10 million in debt, from about 115 basis
points at Thursday's close.
Read more at Reuters.com Bonds News
No comments:
Post a Comment