Bank bonds are crushed in early trading, as the risk premium on intermediate term notes from...

|By:, SA News Editor
Bank bonds are crushed in early trading, as the risk premium on intermediate term notes from Morgan Stanley, UBS and Goldman widen 0.14, 0.22, and 0.35 percentage points, respectively, and short-term paper from BofA and US Bancorp weaken 0.16 and 0.24 points. Their stocks are sinking too: MS -4.8%, UBS -3.9%, GS -3.8%, BAC -3%, USB -1.2%.