Eurozone CDS spreads tighten as US spreads widen

In the UK, credit default swaps (CDS) referencing HBOS were down in early trading today to 128 basis points at 10.00am GMT, according to credit information specialist CMA Datavision, from 132bp at close on Friday. The cost of credit protection of Lloyds TSB, which last week received shareholder approval for the long-awaited takeover of HBOS, had narrowed from 100bp at close on Friday to 98.7bp this morning.

Barclays, which will seek investor support in a general meeting held today for its decisio

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