Deutsche Bank subordinated CDS hit record high-Markit

February 11, 2016 12:54 PM

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LONDON Feb 11 The cost of insuring exposure to Deutsche Bank subordinated debt via CDS rose on Thursday to a record high as mounting fears about European banks' profitability led to a heavy selloff in their shares.

Data from Markit showed that five-year subordinated credit default swaps (CDS) for Deutsche Bank rose 85 basis points from Wednesday's close to a record high of 540 basis points, whilst one-year subordinated CDS blew out 114 bps to 552 bps.

Also read: UPDATE 1-Speculative Eurodollar futures net shorts hit record -CFTC data

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