Currency traders prepare for worsening crisis

By Friday (November 26), debt investors in Irish financials saw tension escalate as credit default swap (CDS) spreads experienced an unprecedented rise.

Debt protection costs for Anglo Irish Bank senior five-year bonds jumped to a new high for the second time in a week, moving from 1,076 basis points at close of play on November 25 to 1,566bp at 13:30 on November 26, according to data provided by financial information provider Markit. During the same period, CDS spreads on Allied Irish Bank also

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact customer services - www.fx-markets.com/static/contact-us, or view our subscription options here: https://subscriptions.fx-markets.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a FX Markets account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: