U.S. markets open in 35 minutes
  • S&P Futures

    4,117.00
    -30.75 (-0.74%)
     
  • Dow Futures

    33,779.00
    -183.00 (-0.54%)
     
  • Nasdaq Futures

    12,504.00
    -120.00 (-0.95%)
     
  • Russell 2000 Futures

    1,976.40
    -17.10 (-0.86%)
     
  • Crude Oil

    74.33
    +0.94 (+1.28%)
     
  • Gold

    1,885.30
    +8.70 (+0.46%)
     
  • Silver

    22.42
    +0.01 (+0.07%)
     
  • EUR/USD

    1.0763
    -0.0034 (-0.31%)
     
  • 10-Yr Bond

    3.6250
    +0.0930 (+2.63%)
     
  • Vix

    19.62
    +0.89 (+4.75%)
     
  • GBP/USD

    1.2051
    -0.0005 (-0.04%)
     
  • USD/JPY

    132.5570
    +1.4070 (+1.07%)
     
  • BTC-USD

    22,848.22
    -346.18 (-1.49%)
     
  • CMC Crypto 200

    524.80
    -12.06 (-2.25%)
     
  • FTSE 100

    7,840.23
    -61.57 (-0.78%)
     
  • Nikkei 225

    27,693.65
    +184.19 (+0.67%)
     

Default Swaps on Credit Suisse Climb to New Highs

Default Swaps on Credit Suisse Climb to New Highs

Credit Suisse was supposed to draw a line under its problems with a restructuring and a $4 billion-plus capital increase, but investors remain jittery, with the cost of insuring the bank's debt against default scaling new peaks. Five-year credit default swaps in euros on Credit Suisse were quoted at 409 basis points, or 4.09 percentage point, early Wednesday, according to S Global Market Intelligence data. That means it costs 409 euros a year to insure €10,000 of debt issued by the bank against