Morgan Stanley debt protection costs rise 51 bps-CMA

Thu Sep 25, 2008 8:29am EDT
 
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NEW YORK, Sept 25 (Reuters) - The cost to insure the debt of Morgan Stanley (MS.N) rose on Thursday, amid continuing uncertainty over government plans to bail out the financial sector.

Morgan Stanley's credit default swaps jumped to around 833 basis points, or $833,000 per year for five years to insure $10 million in debt, from 782 basis points on Wednesday, according to CMA DataVision. (Reporting by Walden Siew, Editing by Chizu Nomiyama)

 

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