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ICICI Bank USD CDS has moved up to a two-year high
As per latest report on 12th October 2018, “ICICI Bank USD CDS has moved up to a two-year high, on concerns over recent news flows in addition to the global risk-off sentiment,” said Joydeep Sen, consultant with PhillipCapital India. “In the short run, markets move on sentiments. Over a period of time, they will realise that the bank is not about an individual. Concerns on corporate governance and, consequently, CDS spreads will ease.”