Summary: Swap spreads tighten again; credit default swap index increases slightly.
One of the more widely-used measures of corporate risk, swap-to-bond spreads, tightened again across all tenors.
Another measure, the cost of credit default swap premiums, increased a touch for second consecutive week. The Australian credit default swap index, the iTraxx Australia Series 42, finished 1 point higher at 68.00 points.
