Tuesday, July 10, 2007

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

(Bloomberg) -- The risk of owning European
corporate bonds rose, 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 increased 4,000 euros to 250,500 euros at 8:06 a.m. in
London, according to JPMorgan Chase & Co.


Read more at Bloomberg Bonds News

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