Tuesday, April 01, 2008

UBS Credit Default Swap Graph


(click on image to enlarge)

BOTTOM LINE: Despite this news, the UBS AG(US) credit default swap is plunging 29.6 basis points today to 112.50. As well, the stock is soaring 13.8% on heavy volume. This type of action is extremely positive and indicates the worst may well be over for the heavily-shorted financial sector.

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