Lates News

Analyst: The cost of credit default protection for Japanese sovereign debt remains stable at a relatively high level. Investors in Japan are cautious ahead of the early election scheduled for February 8. Concerns in the market about the government potentially significantly increasing debt issuance to support higher public expenditure led to selling pressure on Japanese government bonds last week, causing yields to rise. Data from S&P Global Market Intelligence shows that the 5-year credit default swap spread for Japan remains stable at 25 basis points, close to the high of 27 basis points reached on January 20, which was the highest level in over a year.