US CREDIT-Bear Stearns, brokers, wider on mortgage fears

(Reuters) - Spreads of other brokers including Lehman Brothers Holdings
Inc. , Merrill Lynch & Co. and JP Morgan Chase &
Co. also weakened on Wednesday on concerns that losses
in residential mortgages may be spreading from subprime to
higher-rated loans.




The cost to insure the debt of Bears Stearns Cos.
jumped as investors anticipated the company's statement on
Tuesday, and continued rise after the statement's release. For
details, see [ID:nN17260293].


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