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The spreads on credit-default swaps for Countrywide Financial Corp. tightened last week on the realization there may be no deliverable bonds for the swaps after March 2011.
The spreads on credit-default swaps for Countrywide Financial Corp. tightened last week on the realization there may be no deliverable bonds for the swaps after March 2011. Five-year protection on the name tightened 60 bps and 10-year protection drew in 28...