BoE inflation report pushes CDSs on European financials wider

The cost of credit protection on European financials increased this morning following the release of the Bank of England's quarterly inflation report. The report conceded UK GDP growth had been slower than expected in the first quarter of 2009, and revised predictions for when bank lending would return to normal.

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

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 or view our subscription options here:

You are currently unable to copy this content. Please contact 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 View our subscription options


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 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