US sovereign CDSs rise as financials face mixed market

Spreads of five-year senior CDS spreads referencing Lloyds TSB tightened to 95bp at 10:00am GMT from 97.2bp yesterday, and the cost of credit protection on HBOS widened to 117.1bp from 115.8bp yesterday, according to credit information specialist CMA Datavision.

Meanwhile, CDSs referencing RBS and Barclays tightened today from 127.5bp yesterday to 126.8bp, and from 148.8bp to 147.8bp respectively, while the cost of protection on HSBC widened to 97.6bp from 97bp.

CDSs on UK sovereign debt narrowed

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