Bloomberg the Company

Bloomberg Anywhere Login


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

Follow Us

Industry Products

Bond Risk Decreases in Asia, Credit-Default Swap Prices Show

Don't Miss Out —
Follow us on:

April 25 (Bloomberg) -- The cost of insuring corporate and sovereign bonds from non-payment decreased in Asia, according to traders of credit-default swaps.

The Markit iTraxx Asia index of 40 investment-grade borrowers outside Japan dropped 1.5 basis points to 163 basis points as of 8:29 a.m. in Hong Kong, Credit Agricole SA prices show. The gauge is on course for its lowest close since April 17, according to data provider CMA.

The Markit iTraxx Japan index fell 0.5 basis points to 178 as of 9:50 a.m. in Tokyo, Citigroup Inc. prices show. The benchmark is set for its first fall since April 19, according to CMA, which is owned by CME Group Inc. and compiles prices quoted by dealers in the privately negotiated market.

The Australian market is closed today for a public holiday.

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.

To contact the reporter on this story: Rachel Evans in Hong Kong at

To contact the editor responsible for this story: Shelley Smith at