01 July – 05 July 2024

Summary: Swap spreads tighten; credit default swap index lower.

One of the more widely-used measures of corporate risk, swap-to-bond spreads, finished the week narrower.

Another measure, the cost of credit default swap premiums, generally decreased. The Australian credit default swap index, the iTraxx Australia Series 41, finished 7points lower at 64.00 points.