Sovereign CDS spreads widen in South-east Asia

Five-year senior credit default swap (CDS) spreads referencing the Philippines moved in from 225.77 basis points at Friday's New York close to 202.56bp at 3.00pm BST today, according to data provided by credit information specialist CMA Datavision. Spreads on Indonesia tightened 28.42bp to 303.85bp.

Elsewhere in the sovereign markets, CDSs on South Korea tightened 17.88bp to 146.32bp, while spreads on Thailand narrowed 14.12bp to 110.54bp. Malaysia saw its CDSs narrow 11.53bp to 106.8bp.

In the fi

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