Summary: Swap spreads widen; credit default swap index increases.
One of the more widely-used measures of corporate risk, swap-to-bond spreads, finished the week slightly wider as swap rates almost kept pace with the movements of their respective Commonwealth Government counterparts.
Another measure, the cost of credit default swap premiums, increased a touch on average. The Australian credit default swap index, the iTraxx Australia Series 41, finished 1 point higher at 66.00 points.
