Bank CDS in Focus – Credit Suisse and UBS Credit Default Swaps Post-Brexit

Sometimes a good graph saves a lot of words. That’s why I’m posting these. Normally I’m no fan of CNBC, as they overdramatize to keep viewers and sell advertising. But I really liked their graphs!image1

I just can’t imagine the moves in RBS, Barclays and Lloyds are justified.image2

image3

Interesting about this one; GS has held up better than Morgan Stanley and BofA. So this isn’t about revenue from europe for US Banks. For the stock market it would be more pertinent to show leverage ratios or CET capital ratios of the banks versus the drop. I know I would be looking at the capital cushion when deciding whether to take aim at a bank.image4

Important addition:

CDS on June 27th (according to my source)

Credit Suisse Group
1Y = 111
5Y = 170
10Y = 202

UBS
1Y = 43
5Y = 82
10 Y = 121

Shows you that Credit suisse is double as dangerous as UBS. Or UBS is seen as really safe.

This one was aired later:

euro-stoxx-banks-brexit-bottom-or-beginning

Makes me think we’re at or near the bottom!!!

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