Nowhere to Hide in Worst Bond Losses Since 2008: Credit Markets

... of the defaulted debt. A basis point equals $1,000 annually on a swap protecting $10 million of debt. Bonds of Fairfield, Connecticut-based General Electric Co. were the most actively traded dollar-denominated corporate securities by dealers last ...



via Fairfield Newswire http://washpost.bloomberg.com/Story?docId=1376-MP3WZF0YHQ0X01-3MS8O71TSS9FU649AB3NFFTDVO