CDS spreads have moved wider following bumpy equity markets

Summary CDS spreads have moved wider following bumpy equity markets Santander did not call a LT2 bond – presumably unintentionally RBS was not allowed to call its Tier 2 bonds by UK FSA Headlines from the credit market this week Following a sell-off in the stock market, CDS spreads have moved somewhat wider during the week. The investment grade CDS index, iTraxx Europe currently trades at 98bp whereas the high yield index, iTraxx Crossover, trades at 620bp. The cash market is holding up well