Credit default swaps

Insurer CDS spreads tighten on Tarp promise

Market sentiment improved significantly towards US insurers after the Treasury granted permission to a select number of firms to raise billions of dollars through the government's Troubled Asset Relief Programme (Tarp).

CDS spreads tighten on financials

The cost of credit protection on European and US banks fell in early trading today after Credit Suisse became the latest major bank to post positive first-quarter earnings.

CDS spreads widen on US financials

The cost of credit protection on major US banks rose further in early European trading today as the market exercised caution over the recent flurry of positive first-quarter earnings.

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.

CDS spreads widen on Asian sovereigns

The cost of credit protection on east Asian sovereigns rose in early European trading today, despite predictions from the World Bank that China's economy will bottom out by mid-2009, offering a ray of hope for the region.

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