LONDON, Sept 19 (Reuters) - The cost of insuring U.S. government debt against default inched higher on Friday after the Treasury and Federal Reserve said they were working on a plan to prop up markets by buying toxic mortgage-related debt.
Credit default swaps on 10-year Treasury debt widened to a fresh high of 27.9 basis points from 27.7 basis points late on Thursday, according to CMA, a specialised data provider.
CMA said CDS on five-year Treasury debt widened to 22.5 basis points from 22.3 basis points, returning to a level reached late on Wednesday.
(Reporting by Jane Baird; editing by David
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