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**KLIMOV25gyi** · 11-20-2011, 07:25 PM

March 14, 2011, 5:44 a.m. EDT

Japan default-insurance costs see further rise

http://www.marketwatch.com/story/jap...ise-2011-03-14

William L. Watts, LONDON (MarketWatch)

-- The cost of insuring Japanese sovereign and corporate debt against default continued to rise Monday as markets assessed the devastation caused by Friday's powerful earthquake.

The spread on five-year Japanese sovereign credit default swaps, or CDS, widened to 90 basis points from 79 basis points on Friday, according to data provider Markit.

That means it would cost $90,000 a year to insure $10 million of Japanese debt against default for five years, up from $79,000.

The Markit iTraxx Japan index, which tracks a basket of corporate and sovereign debt, rose 15 basis points to 113.

11-20-2011, 07:25 PM	#12
KLIMOV25gyi Join Date Oct 2005 Posts 479 Senior Member	March 14, 2011, 5:44 a.m. EDT Japan default-insurance costs see further rise http://www.marketwatch.com/story/jap...ise-2011-03-14 William L. Watts, LONDON (MarketWatch) -- The cost of insuring Japanese sovereign and corporate debt against default continued to rise Monday as markets assessed the devastation caused by Friday's powerful earthquake. The spread on five-year Japanese sovereign credit default swaps, or CDS, widened to 90 basis points from 79 basis points on Friday, according to data provider Markit. That means it would cost $90,000 a year to insure $10 million of Japanese debt against default for five years, up from $79,000. The Markit iTraxx Japan index, which tracks a basket of corporate and sovereign debt, rose 15 basis points to 113.
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