Main: 195

XOver: 1020

Today was the day the XOver breached 1000bps

http://www.noelwatson.com/blog/PermaLink,guid,0d31c672-bb52-4549-9187-0e115b030bf4.aspx

and I even heard suggestions that the index be quoted on an upfront basis (as single names tend to when they hit 1000bps). When single names are quoted upfront, a percentage of the notional is paid, then 500bps paid annually (125bps per quarter). The XOver currently trades on a coupon of 560bps. 1000bps spread on XOver equates to ~13bps upfront.

Main briefly skimmed 200bps (I saw 198/200).