http://www.businessweek.com/news/2010-07-08/korea-exchange-bank-4-875-dollar-bond-spread-narrows-update1-.html
The cost of insuring Asian bonds against non-payment fell to the lowest in two weeks, according to traders of credit- default swaps.
The Markit iTraxx Asia index of 50 investment-grade borrowers outside Japan dropped 9 basis points to 131 basis points as of 10:27 a.m. in Hong Kong, according to Credit Agricole CIB. That’s the lowest since June 23, according to CMA DataVision in New York. A basis point is 0.01 percentage point.
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