CDS spreads tighten after central bank efforts
The Credit Derivatives Research (CDR) Counterparty Risk Index, which averages the credit spreads of the 15 largest credit derivatives dealers, dropped to 389.8 basis points yesterday from an all-time high of 419bp the day before.
The cost of protection on Morgan Stanley, which is believed to be in merger talks with several institutions, including Wachovia, tightened to 865.8bp yesterday compared with a closing level of 997.9bp the day before, according to Bloomberg. CDSs on American InternationalOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe
You are currently unable to print this content. Please contact info@risk.net to find out more.
You are currently unable to copy this content. Please contact info@risk.net to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@risk.net
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@risk.net
More on Credit derivatives
Regulation
French resolution may lead EU to adopt US-style rules for PFOF
German and Czech proposals would also put kibosh on commission’s mooted ban on the practice
Receive this by email