Asia-Pacific Risk Rate Keeps Rising
Threatened ratings cuts of MBIA and Ambac Financial boosted the default risk rate of Asia-Pacific bonds to a new six-week high. The Markit ITraxx Japan Index inched up 1 basis point to 91 bps, while Australia’s benchmark climbed 2.5 bps to 110.5 bps, and the Markit iTraxx Asia ...
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