Asian Corporate Bonds Rebound After Trump Delays Iran Strike

Asian corporate bond markets rebounded alongside other regional assets, lifted by signs of easing tensions and President Donald Trump’s comments on talks with Iran.

Credit default swaps in the region — the cost of insuring Asian investment grade debt against defaults — fell by at least 4 basis points Tuesday, according to traders. The premium on Asia investment grade bonds over comparable US Treasuries also narrowed by 1 to 4 basis points, they said.