(Bloomberg) -- The risk of owning corporate bonds
surged by a record as losses on U.S. subprime mortgages at
Germany's IKB Deutsche Industriebank AG triggered concerns of
global market contagion.
Contracts on 10 million euros ($13.8 million) of debt
included in the iTraxx Crossover Series 7 Index of 50 European
companies increased as much as 60,000 euros to 504,000 euros,
according to JPMorgan Chase & Co. The CDX North American
Investment-Grade Index rose $16,000 to $97,000, Deutsche Bank AG
prices show.
Read more at Bloomberg Bonds News
surged by a record as losses on U.S. subprime mortgages at
Germany's IKB Deutsche Industriebank AG triggered concerns of
global market contagion.
Contracts on 10 million euros ($13.8 million) of debt
included in the iTraxx Crossover Series 7 Index of 50 European
companies increased as much as 60,000 euros to 504,000 euros,
according to JPMorgan Chase & Co. The CDX North American
Investment-Grade Index rose $16,000 to $97,000, Deutsche Bank AG
prices show.
Read more at Bloomberg Bonds News
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