Bank of Ireland CDSs rise sharply

Bank of Ireland credit default swaps (CDSs) rose substantially from 15% upfront at 13:00 yesterday, to 20.5% at 13:00 today, according to information provider Markit. Other Irish financials did not move - Allied Irish CDSs remained at 21.5% upfront over the same period while default protection on Anglo Irish also stayed unchanged at 31% upfront.

This followed the news that the Swiss central bank would no longer accept bonds issued by the three Irish banks as collateral for its repurchase operati

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