Corporate

15 July – 19 July 2024

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

One of the more widely-used measures of corporate risk, swap-to-bond spreads, finished the week tighter as swap rates generally fell more than their respective Commonwealth Government counterparts.

Another measure, the cost of credit default swap premiums, generally decreased again. The Australian credit default swap index, the iTraxx Australia Series 41, finished 4 points higher at 65.00 points.

 

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