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Reply #60: Washington Mutual debt protection costs jump [View All]

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UpInArms Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jul-25-08 10:45 AM
Response to Reply #30
60. Washington Mutual debt protection costs jump
http://www.reuters.com/article/bondsNews/idUSN2519623620080725

NEW YORK, July 25 (Reuters) - Credit protection costs on Washington Mutual Inc (WM.N: Quote, Profile, Research, Stock Buzz) rose sharply on Friday, a day after an analyst said some creditors reduced their exposure to the largest U.S. savings and loan.

The cost of protecting Washington Mutual's debt for five years rose to $1.85 million on an upfront basis, plus $500,000 in annual premiums, up from about $1.35 million plus $500,000 annually on Thursday, according to a trader.
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