Market turmoil forces CDSs wider

Five year credit default swaps (CDSs) on Barclays widened to 122.9 basis points at 1030 BST this morning from 120.2 bp at the close of trading yesterday. CDSs on Royal Bank of Scotland rose to 124.8bp from 121.7bp, while Lloyds TSB - still engaged in takeover talks with HBOS – saw its spreads move in to 86.3bp from 86.7bp according to credit information specialist CMA DataVision.

CDSs referencing HBOS widened to 119.2bp from 114.3bp and the cost of protection on HSBC increased to 80.7bp from

Only 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 copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

If you already have an account, please sign in here.

Register

Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here