MBIA issues 'surplus notes' at +956 bsps over treasuries and they are rated AA!

Discussion in 'Wall St. News' started by Daal, Jan 12, 2008.

  1. Daal


  2. ``It was expensive but they needed to get it done,'' said Kevin Murphy, who oversees investment-grade and emerging-market bonds at Boston-based Putnam Investments, which has $65 billion in fixed-income assets under management. ``It's good news for the company, good news for the bond insurance sector and good news for the credit markets.''