19 February – 23 February 2024

Summary: Swap spreads tighten a tad; iTraxx declines again.

One of the more widely-used measures of corporate risk, swap-to-bond spreads, tightened a tad this week.

Another measure, credit default swap premiums, again declined on average. The Australian credit default swap index, the iTraxx Australia Series 39, finished 4 points lower at 63.00 points.