CDS spreads stabilise in Europe and the US
The cost of credit protection on European financial institutions stabilised in early trading today, after a tumultuous week that has seen governments in the UK, Germany, France, Spain and Switzerland announce major bailout packages for major financial institutions.
The cost of protection on Lloyds TSB, the third UK bank that will accept government support, rose to 77.5bp from 70.5bp on October 16, according to credit information specialist CMA Datavision.
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