How the Money People are Betting on GM Bankruptcy
Derivatives . . . Options . . .
The annual cost of insuring $10 million of GM debt for five years with credit-default swaps rose to $2 million upfront plus $500,000 a year, compared with an annual premium of about $1 million early last week, traders said. The debt-insurance contracts changed hands at about $260,000 at the start of the year.
Thanks to Steve B. for this link.
Bloomberg.com: News & Commentary
Tuesday, November 15, 2005
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