Could you show a graph of a CDS for Credit Suisse, if there is one? Is there a site where CDS rates for various securities can be found.?

Eoin Treacy's view

Thank you for this request. Unfortunately we have always had issues with receiving accurate data on CDS from Bloomberg and they are now charging an eye watering fee so we no longer carry the same number of CDS charts in the library. 

CDS-info.com carries CDS spreads, but not charts for a number of banks. 

This screen grab from Bloomberg highlights how much spreads surged last week in the banking sector. The issues represented by negative interest rates fall particularly hard on the financial sector not least because they are now forced to hold so much capital in order to comply with Basel III regulations. With short covering rallies underway there is scope for the spread to contract from last week’s accelerated peak but a sustained move below 100 basis points would be required to question medium-term scope for additional bouts of volatility. 

The share has at least paused following an accelerated decline and will need to hold the CHF10 area if potential for a reversionary rally is to be given the benefit of the doubt.