UK CDSs fall as markets surge

According to credit information specialist CMA Datavision, RBS’ five year credit default swap (CDS) spreads tightened to 145.4 basis points by 1000 BST today from 190bp at close of trading on Friday. The cost of protection on Lloyds TSB, still in talks to acquire HBOS, narrowed to 80bp from 105bp.

HBOS’ CDS spreads fell to 152.5bp at 1000 BST from 185bp on Friday, while the cost of protection on Barclays dropped to 108.5bp from 137.5bp. HSBC saw its CDS spreads drop to 70bp from 77.5bp, the

To continue reading...

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 indvidual account here: