ASIA CREDIT CLOSE: Region appears to be safe haven amid choppy trading

June 29, 2015 9:00 AM

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SINGAPORE, June 29 (IFR) - Trading was choppy today with events at the weekend indicating that Greece would not meet its EUR1.55bn debt repayment to the IMF tomorrow. Asia, nevertheless, looks like a safe haven amid the panic.

The Asia iTraxx Investment-Grade Index started the day 10bp wider, but had gained some ground to around 5bp wider in the afternoon - in marked contrast to the Europe Cross-Over, which looked around 50bp wider.

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