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Wednesday, June 29, 2011

Debt BofA Rides higher on colonization, Moody comments - Wall Street Journal

-Settlement of $ 8.5 billion said rater is positive credit, but warns against other risks

-The cost of swaps of five-year credit default on Bank of America falls 10 basis points

-Performance of the obligations of the significantly lower Cabinet in secondary trade

NEW YORK (Dow Jones)--Bank of America Corp. (BAC) debt exchanged until Wednesday after Investors Service of Moody said regulation 8.5 billion in the Bank with shoulders mortgage debt holders removes significant firm barriers.

Obligations to 5% of the BofA due may 2021 were trading on the secondary market at a price of 98.6 cents for a dollar, of hundred 97.8 Tuesday, according to MarketAxess, translation of...

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