Monday, July 9, 2007

Corporate Bond Risk Declines in Europe, Credit-Default Swaps Market Shows

(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 decreased 3,500 euros to 241,000 euros at 7:42 a.m. in
London, according to JPMorgan Chase & Co.


Read more at Bloomberg Bonds News

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