(Bloomberg) -- The risk of owning U.S. and European
corporate bonds rose as investors speculated losses from
subprime mortgage securities will accelerate, according to
traders of credit-default swaps.
Contracts based on $10 million in the CDX North America
Investment-Grade Index of 125 companies rose $4,000 to an
offered price of $48,250 at 3:51 p.m. in New York, Deutsche Bank
AG prices show. The iTraxx Crossover Index of 50 European
companies jumped 20,500 euros ($28,252) to 288,000 euros at 5:30
p.m. in London, according to JPMorgan Chase & Co. An increase in
the indexes suggests deterioration in the perception of credit
quality.
Read more at Bloomberg Bonds News
corporate bonds rose as investors speculated losses from
subprime mortgage securities will accelerate, according to
traders of credit-default swaps.
Contracts based on $10 million in the CDX North America
Investment-Grade Index of 125 companies rose $4,000 to an
offered price of $48,250 at 3:51 p.m. in New York, Deutsche Bank
AG prices show. The iTraxx Crossover Index of 50 European
companies jumped 20,500 euros ($28,252) to 288,000 euros at 5:30
p.m. in London, according to JPMorgan Chase & Co. An increase in
the indexes suggests deterioration in the perception of credit
quality.
Read more at Bloomberg Bonds News
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