GMAC's credit default swaps tighten about 93 bps


NEW YORK, Aug 23 (Reuters) - Credit default swaps on GMAC tightened by about 93 basis points on Thursday, according to data from CMA DataVision. The cost of protecting GMAC's debt for five years fell to about 487 basis points, or $487,000 a year for five years for every $10 million protected, down from about 580 basis points late on Wednesday, according to CMA DataVision data.

Premium Content (PAID Subscription Required)

"GMAC's credit default swaps tighten about 93 bps" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!

For pricing and subscription information please contact
Lisa Williamson by email: or phone: (248) 799-2642

Current subscribers, please login or CLICK for support information.

Already registered? here.


Follow Us

Sponsored Introduction Continue on to (or wait seconds) ×