CDS spreads tighten on aerospace and defence firms

In the US, five-year senior credit default swap (CDS) spreads referencing Chicago-based aerospace and defence corporation Boeing, which announced a $2.1 billion contract with India today, tightened to 195 basis points at 12:30pm London time from 215bp at the close of trading yesterday. The cost of credit protection on defence contractor Raytheon moved to 62.2bp from 65.6bp, according to data from credit information specialist CMA DataVision.

Elsewhere, aerospace company EADS, which is

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