UK CDSs rise
Five-year senior credit default swap (CDS) spreads referencing HSBC widened to 95 basis points at 1715 GMT this afternoon from 83.4bp at the close of trading on Monday, according to credit information specialist CMA DataVision. The bank revealed yesterday that its third-quarter profits were up on last year.
Barclays, which added €1.1 billion to its mortgage books with the acquisition of Australian bank Macquarie's Italian residential mortgage business last week, saw its CDS spreads widen to 128bp
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