Treasury CDS tighten on money market plan

LONDON (Reuters) - The cost of insuring U.S. government debt against default eased off record wides on Friday after the U.S. Treasury created a program to guarantee money market mutual funds.

Credit default swaps on 10-year Treasury debt tightened to 25.3 basis points from a record wide of 27.9 basis points earlier, according to CMA, a specialized data provider.

CMA said CDS on five-year Treasury debt also tightened to 22 basis points from 22.5 basis points earlier.

(Reporting by Natalie Harrison)