CDSs tighten on American commercials and widen on Australia

In the US spreads on department store chains Nordstrom and JC Penney tightened 67.6bp and 68.9bp respectively, to 578.1bp and 600.6bp at 17:15 GMT today from 645.7bp and 669.5bp at close yesterday, according to CMA Datavision.

In the sovereign markets, spreads on Thailand tightened 29.1bp from 307.17bp to 278.07bp, and CDSs referencing China narrowed 21.22bp to 211.04bp from 232.06bp.

Spreads on Malaysian sovereign debt also tightened, moving to 253.05bp from 278.3bp, while Australian sovereign

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