Summary: Swap spreads almost stable; credit default swap index declines.
One of the more widely-used measures of corporate risk, swap-to-bond spreads, finished the week almost unchanged, with spreads moving a touch each way.
Another measure, the cost of credit default swap premiums, generally decreased again. The Australian credit default swap index, the iTraxx Australia Series 41, finished 3 points lower at 61.00 points.
