EU Contagion Risk Spreads As CDS Market Puts Focus On Deutsche Bank

EU Contagion Risk Spreads As CDS Market Puts Focus On Deutsche Bank

EU Contagion Risk Spreads As CDS Market Puts Focus On Deutsche Bank Authored by Simon White, Bloomberg macro strategist, For once, the focus of a negative story on European banking hasn’t been Deutsche Bank. But the credit market isn’t letting DB off scot-free. The largest one-day move in 5-year credit-default swaps of European banks is Deutsche, with its spread widening more than even UBS’s. DB’s CDS has widened by virtually the same as UBS’s …

Risk of contagion grows with Deutsche in the sights of the CDS market

The cost of derivatives that protect against default rose more than the equivalent risk premium for UBS securities, which bought Credit Suisse