CDSs tighten on US and European banks

Five-year senior credit default swap (CDS) spreads referencing troubled Anglo Irish Bank, which had its Dublin headquarters raided by fraud investigators yesterday morning, tightened to 861.2 basis points at midday London time today from 935.7bp at the close of New York trading yesterday, according to data from credit information specialist CMA Datavision.

Elsewhere, spreads on French bank Société Générale - which reported a fourth-quarter profit of €87 million last week - moved in to 134.1bp fro

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: