Posts Tagged ‘debt holders’

Citigroup Credit Default Swaps Jump; Reminiscent of Fannie Mae/Freddie Mac

Tuesday, February 24, 2009 15:48 2 Comments

The Dow Jones reports that the cost of protecting Citigroup’s (C) subordinated debt against default rose to distressed levels Tuesday amid widespread uncertainty over what new government involvement in the banking giant would entail. Credit default swaps on Citi’s subordinated debt are trading at 8/11 points up front, according to Phoenix Partners Group. That means [...]

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