The iTraxx Japan Series 17 widens, trading at 205, 204, and 203 bps vs Friday's 196.5 bps, after disappointing U.S. jobs data rattled various markets, says a Tokyo CDS trader. "the stock markets are terrible as well," he adds. Japan USD-denominated sovereign CDS widens in tandem, trading at 108 bps vs Friday's bid/offer levels of 102/106 bps. Widening pressure is seen in broad sectors, the trader says. Among single-name deals, JFE Holdings Inc. (5411.TO) is at 190 bps vs 145 bps on March 21, Nissan Motor Co. Ltd. (7201.TO) is at 115 bps vs Thursday's 105 bps, Oji Paper Co. Ltd. (3861.TO) is at 160 bps vs 135 bps on April 25, Sumitomo Corp. (8053.TO) is at 104 bps vs 123 bps on May 18, and Orix Corp. (8591.TO) is at 284 bps vs 215 bps on March 6.
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