MARKET TALK: BP Bond Yields Settle On Escrow Announcement

16th Jun 2010 18:14

1712 GMT [Dow Jones] BP bond yields are gyrating today along with equities and CDS levels. Yields have settled down on news that the oil giant will put $20B in escrow for future oil-spill claims. Yields for BP's most volatile issue, BP's 1.55% of 2011, had been quoted as high as 13.307%, but had fallen to 9.603%. BP's short-term bonds are the most active issues in the market today. Yields on BP's 5.250% of 2013 are up 30BP to yield of 8.636%, while BP's 3.625% of 2014 is up 33BP to yield 8.385%. ([email protected]) Contact us in New York. Darlene Ross, 212 416-2166; [email protected] (END) Dow Jones Newswires June 16, 2010 13:14 ET (17:14 GMT)