CDS spreads tighten on US financials

The cost of credit protection on US banks fell in early European trading today, while sentiment also improved towards Irish financials following yesterday's announcement of a government asset purchase scheme.

Five-year senior credit default swap (CDS) spreads referencing Morgan Stanley were trading tighter at 343.4 basis points at 4:00pm BST today from 363.1bp at close of trading yesterday, according to data from credit information specialist CMA Datavision. Spreads on Goldman Sachs moved in to 253.1bp from 263.9bp.

Other US financials also fared well, with spreads on Merrill Lynch tighter by 42.5bp at 473.9bp, while CDSs on Bank of America tightened to 321.9bp from 346.7bp.

In Ireland, following the

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 or view our subscription options here:

You are currently unable to copy this content. Please contact 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 View our subscription options


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

This address will be used to create your account

Most read articles loading...

You need to sign in to use this feature. If you don’t have a 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