Citigroup’s CDS costs rise after results – Phoenix

NEW YORK, April 19 (BestGrowthStock) – The cost of protecting
Citigroup’s (C.N: ) debt with credit default swaps rose on Monday
after the bank posted first-quarter results.

Five-year credit default swaps on Citigroup jumped to 150
basis points, or $150,000 a year to insure $10 million of debt,
according to data from Phoenix Partners Group. The swaps had
closed on Friday at around 135 basis points, according to
Markit Intraday.

Investing Basics
(Reporting by Dena Aubin; Editing by James Dalgleish)

Citigroup’s CDS costs rise after results – Phoenix