CDSs on US financials tighten
In the week of the first anniversary of Lehman Brothers' filing for Chapter 11 bankruptcy, credit spreads referencing US financials contracted across the board.
Five-year senior credit default swaps (CDS) referencing Bank of America moved in from 143.89 basis points at close of trading on Monday, September 14 to 113.35bp as of 4.40pm BST today, according to data from credit information specialist CMA Datavision.
CDSs on Citi tightened from 222.73bp to 177.50bp. Spreads referencing Goldman Sachs
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