Summary: Swap spreads tighten again; credit default swap index falls back.
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, fell back after a couple of weeks of increases. The Australian credit default swap index, the iTraxx Australia Series 42, finished 5 points lower at 63.00 points.
