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Credit investors show their confidence in private mortage insurers

|Includes: CNA, GNW, MTG, ORI, Ryder System, Inc. (R), RDN, SUR
Credit default swaps on the major private mortgage insurers including The PMI Group, Radian and MGIC Investment are trading tighter amid signs of a recovery in at least certain sectors of the market and successful recapitalizations of some of the major players.

Disclosure: long all stocks