(Bloomberg) -- The risk of owning European corporate
bonds jumped to the highest in two months on concern higher
interest rates will boost 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 surged 11,500 euros to 217,000 euros, according to
JPMorgan Chase & Co. Contracts on the CDX North American
Crossover Index jumped $7,000 to $154,000 at the close of trading
in New York yesterday.
Read more at Bloomberg Bonds News
bonds jumped to the highest in two months on concern higher
interest rates will boost 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 surged 11,500 euros to 217,000 euros, according to
JPMorgan Chase & Co. Contracts on the CDX North American
Crossover Index jumped $7,000 to $154,000 at the close of trading
in New York yesterday.
Read more at Bloomberg Bonds News
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