CDS spreads narrow on US and European financials

Despite predictions today from rating agency Moody's Investors Service that the number of rated defaulting corporate issuers will triple from 101 in 2008 to "roughly 300" this year, with the greatest casualties expected in the financial sector, credit default swaps (CDS) referencing banks on both sides of the Atlantic traded tighter today.

Five-year senior CDS spreads on Royal Bank of Scotland, which this morning announced 2008 losses of £24.1 billion, tightened to 167 basis points at 2:30pm

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 or view our subscription options here:

You are currently unable to copy this content. Please contact 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 View our subscription options

If you already have an account, please sign in here.


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 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