GE (GE) credit-default swaps recently quoted at 16.5 points up front, up from 14.5 earlier today...

|By:, SA News Editor

GE (GE) credit-default swaps recently quoted at 16.5 points up front, up from 14.5 earlier today - meaning it now costs $1.65M up front, plus $500,000/year, to protect $10M of GE senior bonds for five years. GE says its capital position is solid; markets remain unconvinced. Shares -9.8% to $6.32.