CDS market mixed for eurozone and US financials
Credit default swaps (CDS) referencing UK and European financials faced varied market sentiment in early trading today.
CDSs on HSBC and HBOS also narrowed this morning from 94.7bp to 94.3bp and from 113.8bp to 109.7bp respectively.
Spreads of Lloyds TSB tightened today from 93bp to 92.2bp, while CDSs referencing Barclays widened to 143.6bp from 143.2bp at close.
Meanwhile, CDSs on UK
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