(Bloomberg) -- The risk of owning European corporate
bonds rose on speculation that higher global interest rates will
increase company borrowing costs, 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 210,500 euros, according to
Deutsche Bank AG. An increase in credit-default swaps, contracts
used to bet on a company's ability to repay debt, indicates a
deteriorating perception of credit quality.
Read more at Bloomberg Bonds News
bonds rose on speculation that higher global interest rates will
increase company borrowing costs, 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 210,500 euros, according to
Deutsche Bank AG. An increase in credit-default swaps, contracts
used to bet on a company's ability to repay debt, indicates a
deteriorating perception of credit quality.
Read more at Bloomberg Bonds News
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