Summary: Swap spreads tighten again; credit default swap index rises.
One of the more widely-used measures of corporate risk, swap-to-bond spreads, again tightened across all tenors.
Another measure, the cost of credit default swap premiums, reversed most of the previous week’s fall. The Australian credit default swap index, the iTraxx Australia Series 42, finished 4 points higher at 67.00 points.
