Asia-Pacific Bond Risk Falls, Credit-Default Swap Prices Show
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The cost of insuring corporate and sovereign bonds in the Asia-Pacific region from non-payment declined, according to traders of credit-default swaps.
The Markit iTraxx Asia index of 40 investment-grade borrowers outside Japan dropped three basis points to 106 basis points as of 8:31 a.m. in Hong Kong, Royal Bank of Scotland Group Plc prices show. The gauge has fallen seven basis points this year, according to data provider CMA.