Bond insurers get a Monday morning boost
Monday morning has been kind to the bond insurers.
PMI Group (PMI) traded up over 15 percent and Radian Group (RDN) traded up 8 percent. Ambac (ABK) picked up close to 8 percent and MBIA, Inc. (MBI) rose close to 5 percent.
All four stocks have surrendered some of the morning’s gains and historically, Mondays are particularly unkind to the markets. Just before noon the Dow had lost 140 points.
Let’s see if the morning’s momentum will hold up (for the bond insurers) through the afternoon trading hours.
Tags: ambac, bond insurers, mbia, pmi, radianRelated Stories
POSTED IN: Corporate, Investment, Market, News
0 opinions for Bond insurers get a Monday morning boost
No one has left a comment yet. You know what this means, right? You could be first!
Have an opinion? Leave a comment: