Bond Risk Increases in Asia, Credit-Default Swap Prices Show
This article is for subscribers only.
The cost of insuring corporate and sovereign bonds from non-payment rose in Asia outside of Japan, according to traders of credit-default swaps.
The Markit iTraxx Asia index of 40 investment-grade borrowers outside Japan increased 1 basis point to 151.5 basis points as of 8:50 a.m. in Hong Kong, Royal Bank of Scotland Group Plc prices show. The gauge is on track for its highest close since Aug. 3, according to data provider CMA.