Trends in the variations of credit spreads has also been reassuring – the spreads have widened during times of stress and volatility, domestic or global, in testimony to the maturity of the corporate bond market in pricing.
5  13.00  250  11.00  200 150  9.00  100  7.00  50  5.00  0  Basis Points  Per Cent (%)  Chart 6: 5Y G-Sec and 5Y AAA Bond Yield Movement  -50  3.00  Spread,RHS  5Y G-Sec  5Y AAA Corporate Bond  Source: Bloomberg 11.