US sovereign CDSs rise as financials face mixed market
Credit default swap (CDS) spreads on eurozone and US financials experienced mixed market sentiment in early trading today and before market close yesterday, while CDSs referencing US sovereign debt rose by 5.5 basis points today.
Meanwhile, CDSs referencing RBS and Barclays tightened today from 127.5bp yesterday to 126.8bp, and from 148.8bp to 147.8bp respectively, while the cost of protection on HSBC widened to 97.6bp from 97bp.
CDSs on UK sovereign debt narrowed
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