(Bloomberg) -- The perceived risk of owning
European corporate bonds rose the most in two weeks on concern
over losses at hedge funds run by Bear Stearns Cos.
Credit-default swaps based on 10 million euros ($13
million) of debt included in the iTraxx Crossover Series 7 Index
of 50 European companies increased 9,000 euros to 209,000 euros,
according to Deutsche Bank AG. The contracts are used to bet on
a company's ability to repay debt and an increase in the cost
indicates worsening perceptions of credit quality.
Read more at Bloomberg Bonds News
European corporate bonds rose the most in two weeks on concern
over losses at hedge funds run by Bear Stearns Cos.
Credit-default swaps based on 10 million euros ($13
million) of debt included in the iTraxx Crossover Series 7 Index
of 50 European companies increased 9,000 euros to 209,000 euros,
according to Deutsche Bank AG. The contracts are used to bet on
a company's ability to repay debt and an increase in the cost
indicates worsening perceptions of credit quality.
Read more at Bloomberg Bonds News
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