European bank CDS spreads tighten

After increasing on Friday, the cost of protection on European institutions dropped in early trading this morning. Five year credit default swaps (CDSs) on Barclays dropped from 100.8 basis points at close of trading on Friday to 96.7bp at 0900 BST today. Lloyds TSB - still in talks to acquire HBOS – saw its CDS spreads move in from 79.2bp to 75bp according to credit information specialist CMA DataVision.

Meanwhile, CDSs referencing HBOS tightened from 98.8bp on Friday to 95bp at 0900 this

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: