Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Asia-Pacific Bond Risk Falls, Credit-Default Swap Prices Show

The cost of insuring Asia-Pacific corporate and sovereign bonds from non-payment decreased, according to traders of credit-default swaps.

The Markit iTraxx Asia index of 40 investment-grade borrowers outside Japan fell 5 basis points to 161 basis points as of 8:59 a.m. in Hong Kong, Credit Agricole SA prices show. The gauge is on course for its lowest close since April 4 and biggest daily drop since March 15, according to data provider CMA.

The Markit iTraxx Australia index declined 5 basis points to 151 as of 10:11 a.m. in Sydney, Westpac Banking Corp. prices show. The benchmark is set for its lowest close since April 5 and biggest one-day decline since Feb. 6, according to CMA, which is owned by CME Group Inc. and compiles prices quoted by dealers in the privately negotiated market.

The Markit iTraxx Japan index fell 4.5 basis points to 161.5 basis points as of 9:30 a.m. in Tokyo, Citigroup Inc. prices show. That’s on course for its lowest close since April 6 and biggest decline since March 27, according to CMA prices.

Credit-default swap indexes are benchmarks for insuring bonds against default and traders use them to speculate on credit quality. A drop signals improving perceptions of creditworthiness, while an increase suggests the opposite.

The swap contracts pay the buyer face value in exchange for the underlying securities if a borrower fails to meet its debt agreements. A basis point is 0.01 percentage point.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.