Corporate Bond Risk Soars by Most Ever on Concern About Mortgages, Buyouts

(Bloomberg) -- The risk of owning corporate bonds
soared to the highest on record in the U.S. and Europe on concern
that banks and hedge funds face widening losses from subprime
mortgages and leveraged buyouts.

The cost to protect debt of companies from Goldman Sachs
Group Inc. to Deutsche Bank AG and Australia's Westpac Banking
Corp. jumped as investors shunned all but the safest of debt,
according to credit-default swap traders.


Read more at Bloomberg Bonds News