Counterparty risk: HSBC widens 3.2%
In partnership with S&P Global Market Intelligence, CT provides a regular snapshot of the most recent movements in bank credit default swap spreads (CDS).
We have chosen five-year spreads as the benchmark as they are generally considered the most liquid and therefore offer more accurate barometer of risk appetite.
We believe this should be a welcome addition, although CDS levels are not in any way a perfect guide to monitor credit risk. Click here for CT's research on the benefits and pitfalls of using CDS as a measure.
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