LONDON, Oct 3 (Reuters) – The cost of insuring exposure to debt issued by Swiss lender UBS (UBSG.S) hit a decade high on Monday after peer Credit Suisse was caught in the market spotlight amid worries about his ability to reorganize his business and bolster his capital.
UBS’s five-year credit default swaps (CDS) rose 12 basis points from Friday’s close at 118 basis points, its highest level since 2013, according to data from S&P Global Market Intelligence. .
Credit Suisse CDS (CSGN.S) last settled at 335 basis points, well above Friday’s close of 250 basis points but below the 355 basis points hit earlier. Monday.
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Reporting by Karin Strohecker; edited by Dhara Ranasinghe
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