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CDS Spike As Irish Banks Continue To Be A Mess

Right now, Irish financials are continuing to get battered by markets that have declining confidence in their debt. Ireland's banks have been bailed out and restructured by that country's government.

CDS for those banks is spiking, while the national CDS is continuing to float just above 250 bps.

From CMA Datavision:

Irish Financials

Disclosure: No Positions