Brexit vote pushes UK 5-yr CDS to nearly 4-yr high
[LONDON] The cost of insuring exposure to debt from the United Kingdom almost doubled on Friday after the country voted to leave the European Union, surging to the highest level in nearly four years.
Five-year UK credit default swaps (CDS) jumped by 23 basis points (BPS) to 56 bps from the previous day's close of 33 bps - the highest at least October 2012, according to financial data provider Markit.
REUTERS
For more coverage of the EU referendum, visit bt.sg/BrexiT
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Banking & Finance
ADB agrees to US$5 billion funds replenishment with donors
Dollar drops as employers add fewer jobs than expected in April
HSBC has no plans to dispose of further businesses, chairman says
JPMorgan unveils IndexGPT in next Wall Street bid to tap AI boom
Morgan Stanley, Frasers settle UK lawsuit over US$1 billion margin call
Danske’s net income rises 9% helped by higher interest rates