Tuesday, July 17, 2007

Corporate Bond Risk Rises in Europe, Credit-Default Swaps Market Shows

(Bloomberg) -- The risk of owning European corporate
bonds rose today, according to traders of credit-default swaps.

Contracts based on 10 million euros ($13 million) of debt
included in the iTraxx Crossover Series 7 Index of 50 European
companies jumped 10,500 euros to 280,000 euros at 7:45 a.m. in
London, according to Deutsche Bank AG.


Read more at Bloomberg Bonds News

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