UBS Warburg has become the fifth credit derivatives dealer to contribute to the CJ 50 index, a joint venture product that tracks Japan's 50 most liquid credit default swaps.The index was launched in February using data from Bank Tokyo-Mitsubishi, BNP Paribas and Goldman Sachs, with French bank Credit Lyonnais joining in March as the fourth dealer.
For this week’s fixing the CJ 50 was at 44.94 basis points (bp), 2.02bp wider than last week.
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