The cost to insure higher-rated Asian debt is set for its biggest monthly
increase since 2023, with credit default swaps widening about 27 basis points in
March, according to Markit data. The move signals rising चिंता over the Iran
war’s economic impact. “While the ultimate path of the Middle East conflict
remains highly uncertain… a broader and sharper repricing of growth risk,” said
Lotfi Karoui of PIMCO.