Goldman, M.Stanley debt protection costs rise -CMA
LONDON, Sept 16 (Reuters) - The cost of insuring the debt of U.S. investment banks Goldman Sachs (GS.N) and Morgan Stanley (MS.N) rose sharply on Tuesday as focus shifted to their earnings after Lehman Brothers' LEH.N bankruptcy filing. Five-year credit default swaps on Goldman jumped 105 basis points to 455 basis points, while Morgan Stanley 5-year CDS jumped 128 basis points to 628 basis points, according to data from CMADataVision.
Goldman is due to report quarterly earnings before the U.S. market opens and Morgan Stanley results come on Wednesday.
Debt protection costs on UK banks Barclays (BARC.L) and HBOS HBOS.L also rose, CMA said.
Five-year CDS on Barclays were 18 basis points wider at 188 basis points and about 30 basis points wider to 344 basis points on HBOS.
(Reporting by Natalie Harrison)
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