CDS spreads tighten on financials

Five-year senior credit default swap (CDS) spreads referencing Bank of America moved in from 187.27 basis points at yesterday's New York close to 175.4bp at 3:00pm BST today, according to data from credit information specialist CMA Datavision. Spreads referencing Citi tightened to 369bp from 392.5bp.

Sentiment also improved towards other major US firms today, with spreads on Goldman Sachs trading tighter at 161.8bp from 174.12bp, while CDSs on Morgan Stanley moved in to 260.4bp from 271.19bp, and

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

If you already have an account, please sign in here.

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: