• Most Popular
  • Most Shared

Treasury CDS tighten on money market plan

LONDON
Fri Sep 19, 2008 12:03pm EDT

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)


More from Reuters

Photo

Volvo Cars sale to Geely seen closing in Q2 '10

STOCKHOLM (Reuters) - U.S. carmaker Ford said it expected to close a deal to sell Volvo Cars to China's Zhejiang Geely in the second quarter of 2010, in the latest in a string of deals between Asian and Western carmakers.

» More Top News
Malaysians participate in computer attack and defence hacking competition during The 3rd Annual Hack-In-The-Box Security Conference 2004 in Kuala Lumpur on October 6, 2004. REUTERS/Bazuki Muhammad
Commentary:

Year of the breach

Data security breaches are nasty business and should be avoided at all costs, writes Kevin Prince, a chief technology officer at Perimeter e-Security. Here's a look at the biggest breaches and blunders of 2009.  Commentary 

Technology
A condominium under construction is seen in Miami, Florida October 15, 2007. REUTERS/Carlos Barria

Booming in the bust

For most Americans, the housing market collapsed about four years ago. For three real estate heavyweights, it's just getting started.  Full Article 

Housing Market