CDS spreads on financials widen again

Five-year senior credit default swap (CDS) spreads referencing former investment banks Morgan Stanley and Goldman Sachs had moved out to 321.8 basis points and 237.2bp respectively by 13:45pm London time today, up from 314.9bp and 230.1bp at close of trading yesterday, according to data from credit information specialist CMA Datavision.

Spreads on fellow Wall Street firms Citi and Bank of America widened to 288.2bp and 175.5bp from 276.8bp and 172.6bp, while CDSs on Merrill Lynch and Wachovia

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