Industrials strengthen but US financials weaken on CDS markets

Five-year senior credit default swap spreads on the US pharmaceutical manufacturer Schering-Plough, which announced its takeover by its rival Merck today, contracted 53.64 basis points to 128.36bp by 17.00 London time today, according to data from credit information specialist CMA Datavision. GE Capital, the beleaguered finance arm of General Electric, announced today that it would sell $8 billion in bonds backed by the Federal Deposit Insurance Corporation in order to strengthen its capital bas

To continue reading...

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 indvidual account here: