Australia Corporate Bond Risk Falls, Credit-Default Swaps Show
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The cost of insuring corporate bonds in Australia from non-payment dropped to a two-week low, according to credit-default swap traders.
The Markit iTraxx Australia index declined 2 basis points to 116.5 basis points as of 10:19 a.m. in Sydney, according to Westpac Banking Corp. The gauge is headed for its lowest close since July 23, according to data provider CMA.