CDS spreads tighten on financials

Five-year credit default swap (CDS) spreads referencing Zurich-based Credit Suisse, which today announced a Sfr2.01 billion ($1.73 billion) first-quarter profit, tightened to 165.6 basis points at 2.45pm BST today from 175bp at close of New York trading yesterday, according to data from credit information specialist CMA Datavision.

In the UK, CDSs on Barclays, which said today it would increase loans to customers by £11 billion in 2009, narrowed to 190.5bp from 200bp, while spreads on Royal Bank

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: