Five-year senior credit default swap (CDS) spreads referencing BoA - which needs to raise a total of $33.9 billion according to US government stress tests announced last week - tightened from 194 basis points at yesterday's close to 189.3bp as of 2:00pm BST, according to data provided by credit information specialist CMA Datavision.
CDSs on Wells Fargo narrowed to 136.3bp from 141.5bp. Morgan Stanley saw its CDSs move in from 141.5bp to 136.3bp. Spreads referencing Citi tightened from 368.2bp to
The week on Risk.net, March 10-16 2018Receive this by email