(Bloomberg) -- The risk of owning corporate bonds
increased by the most ever in Europe and Asia on concern banks
and hedge funds face widening losses on subprime mortgages and
leveraged buyouts, according to credit-default swap traders.
A sell-off in the U.S., Asia and emerging markets extended
to Europe, where the cost to protect company debt approached the
record high in 2005 when General Motors Corp. and Ford Motor Co.
lost their investment-grade credit ratings. Deutsche Bank AG's
risk premium jumped to five times the amount on June 1.
Read more at Bloomberg Bonds News
increased by the most ever in Europe and Asia on concern banks
and hedge funds face widening losses on subprime mortgages and
leveraged buyouts, according to credit-default swap traders.
A sell-off in the U.S., Asia and emerging markets extended
to Europe, where the cost to protect company debt approached the
record high in 2005 when General Motors Corp. and Ford Motor Co.
lost their investment-grade credit ratings. Deutsche Bank AG's
risk premium jumped to five times the amount on June 1.
Read more at Bloomberg Bonds News
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