Financial CDS spreads steady

Five-year senior credit default swaps (CDS) referencing Citi moved in from 308.8 basis points at New York close on Monday July 27 to 276.3bp at 4pm BST today, according to data from credit information specialist CMA Datavision. CDSs on Bank of America narrowed to 135.5bp from 147.2bp.

Spreads on Goldman Sachs tightened from 110bp to 94.8bp, while CDSs were trading tighter on Morgan Stanley at 136.3bp from 156.1bp. CDSs on JP Morgan narrowed from 69.5bp to 60.3bp and CDSs on Barclays Bank tightene

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