CDS spreads tighten on US financials
The cost of credit protection on US banks fell in early European trading today, while sentiment also improved towards Irish financials following yesterday's announcement of a government asset purchase scheme.
Other US financials also fared well, with spreads on Merrill Lynch tighter by 42.5bp at 473.9bp, while CDSs on Bank of America tightened to 321.9bp from 346.7bp.
In Ireland, following the
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