CDSs on UK financials widen
Five-year senior credit default swap (CDS) spreads referencing Lloyds TSB pushed out from Friday's close of 157.5 basis points to 164.6bp at 11:05am BST, according to data provided by credit information specialist CMA Datavision. CDSs on Royal Bank of Scotland - which, along with Lloyds TSB, has signed up to the UK government's asset protection programme - widened to 182.3bp from 173.7bp. Spreads referencing Barclays moved out 2bp to 152.2bp. CDSs on HSBC pushed out 0.5bp to 87.2bp.
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