Asia Credit Default Swaps, Stocks at Pre-Crisis Levels

The stock and credit markets are both flashing bullish signs. Outside of Japan, it costs less to insure Asian corporate and government debt than at any time since before the financial crisis. Meanwhile, the MSCI AC Asia Excluding Japan Index is near a 10-year high. While there are geopolitical risks such as North Korea that could cause credit default swaps levels in Asia to spike, continued economic growth and the growing importance of the region in global debt markets supports stability in CDS prices, according to Charles Macgregor, head of emerging markets at Lucror Analytics Pte. in Singapore.

Bloomberg News
August 8, 2017, 20:30:00 GMT
Reporting by Finbarr Flynn; Editing by Neha D'silva and Jake Ulick