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Costs to insure Goldman Sachs debt fall

Tue Jul 14, 2009 8:56am EDT

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NEW YORK, July 14 (Reuters) - The costs to insure the debt of Goldman Sachs Group Inc (GS.N) fell on Tuesday after the bank reported a stronger-than-forecast rise in quarterly earnings.

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Goldman's credit default swaps tightened to about 142 basis points, from 150 basis points late on Monday, according to Phoenix Partners Group data.

(Reporting by John Parry; Editing by W Simon)



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