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