CDS spreads tighten on European banks

Five-year senior credit default swap (CDS) spreads referencing UBS moved to 273.4bp at 4:45pm London time today from a close of 319.2bp, according to data from credit information specialist CMA Datavision. Spreads on Credit Suisse tightened to 199bp from 234bp.

Other European financials also fared well, with spreads on Italian firm UniCredit, which was downgraded yesterday to A from A+ by rating agency Standard & Poor's, trading tighter by 22.7bp at 182.3bp. The cost of credit protection narrowed

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: