Thursday, April 26, 2007

Corporate Bond Risk Declines in Europe, Credit-Default Swap Prices Show

(Bloomberg) -- The risk of owning European corporate bonds fell, 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 fell 2,500 euros to 196,500 euros at 7:39 a.m. in London, according to JPMorgan Chase & Co.


Read more at Bloomberg Bonds News

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