CDS: Narrowing trend continues

Credit default swap 5-year mid-levels for structured products issuers (August 26)

Banco Santander 68.605 Bank of America 162.155 Barclays Bank 82.515 BNP Paribas 55.6 Citi 258.615 Commerzbank 95.26 Credit Agricole 84.295 Credit Suisse 82.37 Deutsche Bank 106.73 Goldman Sachs 131.96 HSBC 57.79 ICICI Bank 252.305 ING 76.78 JP Morgan 67.515 KBC Group 214.88 Mizuho Corporate Bank 62.5 Morgan Stanley 164.865 National Australia Bank 77.93 Nordea Bank 76.84 Royal Bank of Scotland 127.61 Societe

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