CS credit risk has spiked to record highs this morning, topping 280bps at one point – basically disallowing the company from any investment banking business… $46 BILLION in securities with agreements to resell. RIP
by Boo_Randy 2/ CDS are a bit hard to understand, so instead I'll focus on the bonds. The 2025 Credit Suisse bonds pictured below trade at 6.4%. Compare this, for example to Ukraine 2025 debt trading at 67%. Talking about …