Asian bond spreads at six-week highs

Posted by 7Star Friday, January 22, 2010

Asian bond spreads widened to six-week highs on Friday, as investors were spooked by the US government's plan to limit banks' risk-taking and more tightening measures in China to cool its economy. The Asia ex-Japan iTraxx investment-grade index widened by 6 basis points (bps) to 103/106, traders said, the highest since December 10.

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