Corporate Bond Risk in U.S. Retreats After Reaching Highest in 10 Months

(Bloomberg) -- The perceived risk of owning U.S.
corporate bonds retreated from a 10-month high as concerns eased
about companies' inability to get financing, according to traders
who bet on corporate creditworthiness in the credit-default swap
market.

Credit-default swaps based on $10 million of debt in the CDX
North America Crossover Index was unchanged at $184,000 at 5:09
p.m. in New York after rising to $192,000 earlier today,
according to Deutsche Bank AG.


Read more at Bloomberg Bonds News