ASIA CREDIT CLOSE-Secondary market stays firm as supply grows

February 23, 2016 9:04 AM

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SINGAPORE, Feb 23 (IFR) - It was a positive day for Asian credit, with the secondary market holding up even as primary supply resumed, with 3 dollar deals in the market today.

The Asia ex-Japan iTraxx investment-grade index tightened 1bp to 157bp/159bp, though the cost of 5-year protection for Korea Development Bank widened 4bp, and the Japanese and Australian versions improved 3bp and 2bp, respectively.

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