CDS spreads stabilise on financials

Five-year credit default swap (CDS) spreads referencing Morgan Stanley, which today announced a $177 million first-quarter loss, widened from 345.57 basis points at close of New York trading yesterday to 375.14bp at 3.15pm BST today, according to data from credit information specialist CMA Datavision.

CDSs on Citi moved out from 604.2bp to 612.8bp, while spreads on Bank of America moved out from 271.5bp to 280bp.

In the UK, the unveiling of the new Budget had little effect on credit spreads, with

To continue reading...

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 indvidual account here: