Bond Risk in Asia Advances Most in a Week, Default Swaps Show

The cost of insuring corporate and sovereign bonds against nonpayment in Asia rose the most in more than a week, traders of credit-default swaps said Thursday. * The Markit iTraxx Asia index climbed 4bps to 138.5bps as of 8:47am in Hong Kong, ANZ prices show * Gauge is set for its biggest one-day jump since Sept. 1 and its highest close since Sept. 7, according to data provider CMA * The Markit iTraxx Australia index rose 3.375bps to 113bps as of 10:52am in Sydney, Citigroup prices show * Benchmark is also poised to climb by the most since Sept. 1, after falling 4.8bps in the past two days: CMA * The Markit iTraxx Japan index advanced 1.5bps to 63bps as of 9:44am in Tokyo, Citigroup prices show * The measure is set to rise for the first time in four days: CMA

— With assistance by Judy Chen

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