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Swap Souvlaki 2: A comparison between Toyota CDS prices and bond yields

|Includes: Toyota Motor Corporation (TM)
Bloomberg’s daily chart of the day highlights the divide between Toyota’s credit default swaps and bond yields. On one hand the 6-month trend in Toyota’s CDS has been upwards while Toyota’s bond yield spreads have not fluctuated as much maintaining their 22 basis point premium to Japan’s government bonds. Read on

Disclosure: long all stocks