AIG CDS Costs Rise On Rescue Skepticism

03 Nov 2008

Skepticism that a government rescue of American International Group will keep the company afloat has led to a rise in the cost of credit default swaps on the insurer.

Skepticism that a government rescue of American International Group will keep the company afloat has led to a rise in the cost of credit default swaps on the insurer. According to JPMorgan, five-year CDS on AIG have climbed to 44% upfront from 29%--not far from the 53% upfront ...

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