I dont think the par spread = CDS spread.Thats the practical aspect of what I have observed in the market.Factors such as liquidity effect the differential.If you need to get these spreads priced it might be worth contacting Markit Totem.

thanks Aaron that makes sense.I felt that this was more of read between the lines kind of message by the fed.

<t>Hi,Just read in article which goes:Yesterday, Fed Chairman Alan Greenspan told the Council on Foreign Relations he had the ammunition, not used since World War II, to keep deflation in check by holding 20-year bond rates down. But he may wait until he gets his bird for the day.which means that he...