US CDSs continue to soar as eurozone banks stabilise
CDSs on Lloyds TSB, whose shareholders approved the takeover of HBOS on Tuesday, narrowed from 105.3 basis points to 101.7bp at 9:50 GMT this morning, according to credit information specialists CMA Datavision. Spreads on HBOS have also reacted favourably, dropping from 142.5bp last night to 133.2bp this morning.
RBS, whose
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