BoE inflation report pushes CDSs on European financials wider
Five-year senior credit default swap (CDS) spreads referencing Barclays widened from 145.8bp at yesterday's close to 154.8bp at 1:30pm BST, according to data provided by credit information specialist CMA Datavision. Royal Bank of Scotland saw its CDSs push out from 153.8bp to 163.9bp. CDSs on Lloyds TSB moved out from 156bp to 158.3bp.
In Germany - where the government today pushed forward a 'bad bank' scheme to purchase toxic assets from banks' balance sheets -CDSs on Deutsche Bank moved out
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