CDS spreads widen on US banks

Five-year senior credit default swaps (CDSs) referencing Citi moved out to 492.3 basis points at 3.25pm BST today from 451.1bp at close of trading yesterday, according to credit information specialist CMA Datavision. Spreads on Bank of America widened to 252.4bp from 232.9bp.

CDSs on JP Morgan moved to 111.7bp from 106.7bp, while CDSs on Morgan Stanley were trading wider at 231.8bp from 224.9bp. Spreads on Goldman Sachs moved out to 157bp from 154.7bp.

In Europe, CDSs referencing financials behave

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