The cost of protecting Japanese corporate bonds from default increased, according to traders of credit-default swaps.

The Markit iTraxx Japan index rose 2.5 basis points to 145.5 basis points as of 9:30 a.m. in Tokyo, according to Morgan Stanley. That’s up from 135 basis points on Nov. 13, CMA DataVision prices show.

Read the whole story @ Bloomberg

Tags: bond, credit-default, index, itraxx, japan, markit, morgan stanley, risk, swap

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