Below we highlight current credit default swap prices for 13 global financial firms. The prices indicate the cost per year to insure $10,000 of bonds for five years. These prices were much, much higher a few weeks ago, so it's good to see them come down, but they still remain elevated. Morgan Stanley and Goldman currently have the highest CDS prices, followed by Merrill and Citigroup. As of yesterday's close, Wells Fargo and HSBC were the only two financials of the group below to have CDS prices below 100.
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