CDS spreads steady on US and European financials
Market sentiment remained steady towards major financials in Asian and European trading today.
Five-year senior credit default swaps (CDSs) referencing Deutsche Bank widened to 99.1 basis points at 2:55pm BST today from 92.6bp at close of trading in New York yesterday, according to credit information specialist CMA Datavision. Spreads on Morgan Stanley moved out to 205.2bp from 202.5bp.
Spreads on Mumbai-based Export-Import Bank of India were trading 15bp tighter at 135bp, while CDSs on Bank of India, also based in Mumbai, tightened to 135bp from 149.76bp. Elsewhere, the cost of credit
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