U.S. Bank CDS Already Tightening After Foreclosure-Gate Scare

CDS on U.S. financial companies is tightening as some banks have chosen to end their stoppages on foreclosures.

But the current moves do not bring banks back to where they were before foreclosure-gate erupted last week.

While there may be more problems in the near future, investors have calmed somewhat, most notably around Bank of America.

From CMA Datavision:

US Financial CDS 1019

Photo: CMA Datavision

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