Bank of America Credit Spread: FUGLY

This is pretty damned FUGLY: Click for larger graphic

click for larger chart

Mark Gongloff explains the pain:

“In the credit-default swap market, spreads are wider across the board, meaning people are paying up for protection. The Markit investment-grade corporate debt index is 3 basis points wider. The index of European sovereign debt is 10 basis points wider. The index of European financials is also 10 basis points wider.”



Bank of America CDS Spread Nears Record As Credit Market Misses Rally Memo
Mark Gongloff
Marktbeat, August 23, 2011, 9:05 AM

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