Wild CDS spread swings underlines market irrationality

The sudden tightening of credit default swap spreads just after their marked expansion indicates how easily market news is swaying investor sentiment amid uncertain times.

  • 11 Oct 2011

The drastic narrowing of sovereign credit default swap (CDS) spreads from very wide spreads to levels tighter than their normal trading ranges is a sign of the uncertainty underpinning the capital markets activity, say market strategists.

The credit market has seen huge reversals in equities—the Hang Seng Index is ...

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1 Citi 19,628.25 101 7.91%
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5 Deutsche Bank 11,500.06 60 4.63%

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5 Santander 2,138.87 10 7.67%

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5 Deutsche Bank 4,875.44 9 5.52%

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