Uneven day for Irish CDS spreads

Big CDS moves for Irish financials, but eurozone starts to stabilise

Despite being faced with the possibility of a majority takeover by the Irish government, five-year credit default swap (CDS) spreads on Allied Irish Bank (AIB) fell from a high of 1,200 basis points (bp) at 13:30 on November 24 to 1,127bp at close of play today.

Meanwhile, spreads on Bank of Ireland widened from 756bp to 820.9bp in the same period, while credit protection on insurance company Irish Life & Permanent fell from 861.3bp to 850bp.

Analysts at Credit Suisse estimated today that

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 [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net 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: