Anglo Irish Bank Subordinated Credit-Default Swaps Increase
This article is for subscribers only.
Credit-default swaps tied to Anglo Irish Bank Corp.’s subordinated bonds rose, according to data provider CMA.
Swaps protecting the riskier, subordinated debt of the nationalized lender climbed 43 basis points to 1,780 as of 4 p.m. in London, while contracts on its senior notes fell 13 basis points to 763, CMA prices show. Credit swaps on European government bonds rose, while contracts linked to the region’s corporate debt declined.