RadioShack CDS Widens, Bonds Dip As Wedbush Says Ch.11 Is Imminent

Credit protection on RadioShack pushed toward record-wide levels today, while the company’s bonds dipped and shares plunged, after equity research out of Wedbush Securities flagged an imminent bankruptcy filing. The company’s 6.75% notes due 2019 dipped a couple of points, to a 40 context, with odd-lot trades reported at 38, versus record lows around 34 in June, trade data show.