Toshiba Risk Goes From Worst to Best as Accounting Storm Fades
Default risk traders are betting the storm over Toshiba Corp.s accounting scandal is close to blowing over.
The cost to insure Toshibas debt against nonpayment dropped 12 1/2 basis points since Aug. 3 to 105, according to CMA prices. Its the best performer on the Markit iTraxx Japan credit-default swap index, a turnaround from mid-July when it posted the ...
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