Thursday, July 30, 2009

Yikes

Bradford & Bingley CDS auction results:

Senior debt: 94.6
Subordinated debt: 5.0

Hmmm...

6 comments:

Anonymous said...

"In the UK, the government has done more than grumbled Brussels-style; in May it used new legislation to skip coupons on Bradford & Bingley’s subordinated debt."
http://www.ft.com/cms/s/0/cde48114-7d1e-11de-b8ee-00144feabdc0.html

TRADEBUM said...

Why Yikes? What does this mean exactly, if you could be so kind.

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