CDS On MBIA Tighten Sharply

Credit default swaps spreads on bond insurer MBIA have tightened dramatically in the past two weeks from 55 basis points up front to 37 bps, reports Zerohedge.

Credit default swaps spreads on bond insurer MBIA have tightened dramatically in the past two weeks from 55 basis points up front to 37 bps. Observers speculate that MBIA may have benefited from the recently announced CDS commutation by the Barclays spin-off fund, Protium, with an unnamed monoline, which market watcher say may be MBIA.

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