CDS On BMW Tighten Despite Losses

Five-year credit default swaps on BMW pulled in today by 20 basis points to 170 bps, despite the auto company reporting a first-quarter loss of EUR55 million (USD73 million).

  • 06 May 2009

--Rob McGlinchey

Five-year credit default swaps on BMW pulled in todayby 20 basis points to 170 bps, despite the auto company reporting a first-quarter loss of EUR55 million (USD73 million).

One London-based trader said some analysts had been predicating a loss of as much as EUR200 million, so hedge ...

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All International Bonds

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5 SG Corporate & Investment Banking 23,982.83 136 4.59%

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