Business

Credit Suisse bonds slide, CDS rise


By Reuters
Published : 29 Nov 2022 08:51 PM

Credit Suisse bonds fell and the cost of insuring exposure to its debt 

rose on Monday following 

reports of fresh troubles at the Swiss lender.

Five-year credit default swaps widened 4 basis points (bps) from Friday's close to 349 bps, the highest since at least early October, according to data from S&P Global Market Intelligence.

Bonds also came under pressure, with the additional tier 1 dollar-denominated issues down as much as 1.7 cent, hitting the lowest level since mid-October.