remember..., page-29

I am a little surprised that RHG is taking such a bp hit for its top ranked paper. I think that the knowledge in the market that it needs to finance is ensuring lenders to extract an extra premium. More than 10 bp does sound excessive though. It will certainly be interesting to see what price it gets it away at - I would anticipate this will be the worst price it will pay for its AAA securities and can be offset somewhat by an increase for borrowers - everyone else seems to have increased rates up to 30bp.