November 12, 2018 / 8:52 PM / a month ago

Cost to insure GE debt hits highest since 2012 -IHS Markit, Refinitiv data

NEW YORK (Reuters) - The cost to insure debt in General Electric (GE.N) has hit its highest level since 2012 as bond prices have fallen, with some now trading far below par, according to data from IHS Markit and Refinitiv.

The five-year credit default swap rose to a bid price of 176.5 basis points and the upfront price GE5YUSAX=MG GE5YUSAX=R to 3.4 percent on Monday.

Reporting by Kate Duguid

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