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Bonds trading at a premium of more than 1000 basis points over government bonds are perceived by credit markets as distressed. The cost of insuring Credit Suisse bonds against near-term default had previously reached levels that signaled serious investor concerns.
https://www.cash.ch/news/top-news/credit...-ab-583375
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Market take it that collapse is likely.
I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.
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Not so soon since their Govt come in to rescue ....One thing why Singapore side like not so affected and MAS said won't affected Singapore .I thought we are inter-linked the world ?
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Singapore banks are not exposed to US /Europe Junks. After Asia Financial Crisis, banks here are stronger.
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