(Bloomberg) -- The risk premium on Australian
corporate bonds surged to a record, according to traders of
credit-default swaps.
Contracts based on $10 million of debt in the iTraxx
Australia Series 7 Index of 25 companies rose $7,000 to $45,000
at 9.40 a.m. in Sydney, according to ABN Amro Holding NV. The
five-year contracts have gained $15,500, or 53 percent, since
July 17, Bloomberg Data shows.
Read more at Bloomberg Bonds News
corporate bonds surged to a record, according to traders of
credit-default swaps.
Contracts based on $10 million of debt in the iTraxx
Australia Series 7 Index of 25 companies rose $7,000 to $45,000
at 9.40 a.m. in Sydney, according to ABN Amro Holding NV. The
five-year contracts have gained $15,500, or 53 percent, since
July 17, Bloomberg Data shows.
Read more at Bloomberg Bonds News
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