CDS on U.S. banks fall after 5 days of gains

10/6/2011 | Bloomberg Businessweek

Credit default swaps on the debt of U.S. banks had been rising, reaching levels last seen in April 2009, but they eased because of optimism that European officials will recapitalize banks in the region. CDS on Bank of America dropped 9.2 basis points, while CDS on Citigroup decline 14.1 basis points, according to CMA.

View Full Article in:

Bloomberg Businessweek

Published in Brief: