Summary: Swap spreads tighten; credit default swap index unchanged.
One of the more widely-used measures of corporate risk, swap-to-bond spreads, finished the week tighter as swap rates fell a bit harder than their respective Commonwealth Government counterparts.
Another measure, the cost of credit default swap premiums, remained pretty stable on average. The Australian credit default swap index, the iTraxx Australia Series 41, finished unchanged at 66.00 points.
