Tuesday, December 29, 2009

Quietly, it's ALL transportation decliners in the CDS market

Worth sharing as I've not seen one sector make up for ALL the leaders in deteriorating CDS in a day.  At CMA Datavision, transportation companies are the weakest today.

The above chart shows that the cost to insure against $10million in UPS bonds has risen from $34k annually to $37K annually - not the end of the world by any means.  And no, the stocks are not reacting to this move, as they're mostly up on the day:

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