Summary: Swap spreads tighten; credit default swap index increases slightly.
One of the more widely-used measures of corporate risk, swap-to-bond spreads, tightened across all tenors.
Another measure, the cost of credit default swap premiums, increased slightly after a couple of weeks of not going anywhere. The Australian credit default swap index, the iTraxx Australia Series 42, finished 2 points higher at 67.00 points.
