Friday, June 22, 2007

Corporate Bond Risk Increases in Europe, Credit-Default Swaps Indicate

(Bloomberg) -- The risk of owning European corporate
bonds rose, reversing an earlier decline 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 increased 2,000 euros to 213,000 euros at 10:57 a.m. in
London, according to JPMorgan Chase & Co.


Read more at Bloomberg Bonds News

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