(Reuters) - Spreads on the iTraxx series of credit default swaps are still wider than in February, when global asset markets were hit by concern over a sell-off in Chinese equities and failing U.S. sub-prime mortgages, while bonds spreads are also softer.
World stocks, meanwhile, hit an all-time high on Tuesday, with MSCI's main world stock index above its high on Feb. 26, the eve of a sharp tumble on global equity markets that was followed by weeks of soaring volatility.
Read more at Reuters.com Mergers News
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