5 August – 9 August 2024

Summary: Swap spreads widen; credit default swap index rises.

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

Another measure, the cost of credit default swap premiums, moved higher on average. The Australian credit default swap index, the iTraxx Australia Series 41, finished 6 points higher at 72.00 points.