CDS: Spreads narrow on US banks, BofA trading at 240bp

Credit default swap 5-year mid-levels for structured products issuers (Thursday April 16)

Banco Santander, S.A.120Bank of America Corp.240.015Barclays Bank Plc186.17BNP Paribas83.835Citigroup Inc537.39Commerzbank AG123Credit Agricole SA102.5Credit Suisse Group165.83Deutsche Bank AG124.49Goldman Sachs Group Inc205.765HSBC Bank PLC120ICICI Bank Limited458.515ING Bank NV126.67JP Morgan Chase & Co.165.975KBC Group NV290Mizuho Corporate Bank115Morgan Stanley299.465National Australia Bank124.35Nordea Bank AB134.7Royal Bank of Scotland Group Plc184.17Societe Generale SA102.17Standard

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