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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 (NYSE:SPGI) 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.
The head of Credit Suisse’s Swiss unit said on Sunday that “some customers have withdrawn some of their money, but very few have actually closed their accounts.”
