CDS spreads tighten on financials

Market sentiment on financials improved in the past week, with the cost of credit protection falling on US and European banks.

Five-year senior credit default swaps (CDSs) referencing Citi moved out to 227.68 basis points at 2.10pm BST on September 11 from 255.09bp at New York close on Monday September 7, according to data from credit information specialist CMA Datavision. CDSs on Bank of America tightened to 146.44bp from 160.64bp.

CDSs narrowed on Merrill Lynch to 156.26bp from 171.8bp

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


Want to know what’s included in our free membership? Click here

This address will be used to create your account

Most read articles loading...

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