CDSs on US banks tighten

Five-year senior credit default swap (CDS) spreads referencing Citi - which reported a first-quarter net profit of $1.6 billion on April 17 - moved in from 606.8 basis points at close on Wednesday to 577.6bp at close of trading yesterday. CDSs on Wells Fargo tightened from 262.1bp to 241.8bp. Elsewhere, Bank of America saw its CDS narrow to 277bp from 288.8bp and spreads referencing JP Morgan tightened to 170.6bp from 177.5bp.

The cost of credit protection referencing major European financial

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