Debt bankers rely on non-farms for boost

04 Oct 2011

Asia’s bond markets started the week on a bad footing, widening in secondary markets as bankers and investors await key economic data releases in the US. But some bankers are sceptical that even above-consensus numbers will have much impact on trading conditions next week.

Asia’s iTraxx investment grade index started the week at around 250bp, but was as wide as 278bp at the end of Asian trading on Tuesday, and high yield and investment grade credits alike both continued their falls in cash price terms. Bankers said that, in this environment, they ...

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