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    The credit markets gave mixed signals on Election Day Tuesday, showing more gradual improvement in interbank lending but further troubles in such areas as corporate debt. Lending rates between banks sank Tuesday, suggesting a growing willingness to lend among financial institutions. The London Interbank Offered Rate, or Libor, on three-month loans in dollars fell to 2.71 percent - the lowest ...
  • (AFX UK Focus) 2008-11-05 17:15 UPDATE 2-Auction sets Glitnir CDS payout over 97 pct (Interactive Investor)
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    LONDON, Nov 5 (Reuters) - Sellers of protection on the debt of Icelandic bank Glitnir will pay more than 97 percent of the notional value of credit default swap contracts following a cash settlement auction. Wednesday's auction, the second ever in Europe, set the value of CDS contracts on Glitnir senior debt at 3 percent and on subordinated debt at 0.125 percent, administrators Creditex and ...


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