CDS spreads narrow on financials
European financials faced improved market sentiment in early trading today, with the cost of credit protection falling on France's three biggest banks.
Spreads on fellow French firm Société Générale tightened 9.43bp to 115.57bp, while CDSs on Credit Agricole moved to 109.91bp from 118.88bp.
Credit protection on emerging markets bank Standard Chartered moved in
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