Asian CDS are wider as weaker-than-expected US payrolls data prompt regional stock markets to take a tumble. With the UK on holiday Monday and Tuesday for the Queen's Diamond Jubilee, it'll be a few days before bond issuers can think about approaching the international debt markets again, one Asia-based syndicate manager says. "It takes a brave man or an idiot to do a deal today. I'm neither," the person says. Spreads on the Markit iTraxx Asia ex-Japan investment-grade CDS index are quoted at 209-211 bps, significantly wider than 202.42 bps late Friday.
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