Irish bail-out fails to quell bank worries
Five-year upfront credit default swaps (CDS) on Irish banks rose again today, despite the Irish parliament's approval yesterday of an €85 billion European Union/International Monetary Fund bail-out, including €35 billion to support Ireland's banking sector.
CDSs on Bank of Ireland rose steeply from 13.5% up front at 1.00pm UK time yesterday to 14.5% at 1.00pm today, an all-time high for the bank.
The upfront cost of protection against Allied Irish defaulting rose from 18.5% yesterday to 22.5%
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 print this content. Please contact [email protected] to find out more.
You are currently unable to copy this content. Please contact [email protected] to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
More on Credit risk
Derivatives
SOFR alternatives remain on track despite regulatory warnings
Pointed criticism from FSOC has done little to dampen interest in credit-sensitive rates
Receive this by email