European financials fare better in CDS market

The cost of credit protection fell on European financials and Spanish commodity players in this morning's trading.

Five-year senior credit default swap (CDS) spreads referencing Paris-based firms Credit Agricole and Société Générale, which yesterday announced a preliminary agreement to merge their asset management businesses, moved in to 72.7bp and 89.6bp from 82bp and 98.1bp at the close of trading in New York yesterday, according to data from credit information specialist CMA Datavision.

In Germany, CDSs on Frankfurt-based Deutsche Bank and Munich-based Bayern Landesbank tightened to 102.6bp from 111.8bp

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

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