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One Year Ago In The Credit Markets

Refco Group's bank debt took a rollercoaster ride powered by fears of bankruptcy, lack of information and the suspension of CEO Philip Bennett.

Refco Group's bank debt took a rollercoaster ride powered by fears of bankruptcy, lack of information and the suspension of CEO Philip Bennett. Its bank loans began the day at 92 and plummeted to 57-58 by noon. It's 9% '12 bonds fell to 35 from 75 the same day and continued to decline to 27-28. [The company filed. Its term loan was trading around 101.125-101.5 and its bonds were at 83.25 last Thursday, according to Markit.]

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