19 August – 23 August 2024

Summary: Swap spreads a touch tighter; credit default swap index falls again.

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

Another measure, the cost of credit default swap premiums, again moved lower on average. The Australian credit default swap index, the iTraxx Australia Series 41, finished 5 points lower at 63.00 points.