(Bloomberg) -- The price to protect Japanese debt
from default is close to a peak because there will be a limited
impact on the economy from U.S. mortgage defaults, according to
JPMorgan Chase & Co.
Investors should sell credit-default swaps tied to 1 billion
yen ($8.3 million) of debt in the iTraxx Japan Series 7 Index
once the price reaches 3 million yen, said Mana Nakazora, chief
credit analyst at JPMorgan in Tokyo. The cost to guard against
defaults among 50 investment-grade companies on the index rose to
2.74 million yen yesterday from 1.6 million yen on May 17,
according to Credit Suisse Group.
Read more at Bloomberg Bonds News
from default is close to a peak because there will be a limited
impact on the economy from U.S. mortgage defaults, according to
JPMorgan Chase & Co.
Investors should sell credit-default swaps tied to 1 billion
yen ($8.3 million) of debt in the iTraxx Japan Series 7 Index
once the price reaches 3 million yen, said Mana Nakazora, chief
credit analyst at JPMorgan in Tokyo. The cost to guard against
defaults among 50 investment-grade companies on the index rose to
2.74 million yen yesterday from 1.6 million yen on May 17,
according to Credit Suisse Group.
Read more at Bloomberg Bonds News
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