ASIA CREDIT CLOSE: New issues rally amid positive market tone

April 23, 2015 9:10 AM

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Stocks in Japan closed 0.2% higher, while those in Korea ended 1.47% stronger. Asian credit spreads narrowed slightly with the iTraxx Asia IG index about 1bp tighter to 105bp/107bp.

Risk sentiment was better for both the investment-grade and high-yield segments. Most of the focus was on new issues, with Sinopec's jumbo bond dominating trade.

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