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Credit-Default Swaps Rise for Record Stretch With Russia Risks

March 4, 2022, 7:39 AM

Credit investors are rushing to protect their portfolios at an extent not seen in years as Russia’s invasion of Ukraine adds to surging inflation risks.

The cost to insure investment-grade debt in Asia is set to widen for a ninth week, a record stretch. Credit-default swap prices rose another one to two basis points Friday after Ukraine saidRussia attacked a nuclear power plant. Asian junk dollar bonds were poised to hit a record low after the news.

Gauges in North Americaand Europe have also seen unprecedented weeks of widening, based on data going back to 2005, as ...