Swaps spreads for US banks and brokers widen

Senior credit protection for Morgan Stanley five-year debt widened 5-10 basis points yesterday to 85bp. Despite revenues falls of 11% to $4.6 billion, US traders said Morgan Stanley’s trading figures were better than some analysts had feared after JP Morgan’s earlier profit warning. Credit default swaps on senior protection for other Wall Street banks were about 3-5bp wider today. Protection for Lehman Brothers, Bear Stearns and Goldman Sachs was priced at 86/98bp, 80/90bp and 80/88bp today

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Register

Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here