Wednesday, May 23, 2007

Corporate Bond Risk Falls to a Two-Month Low, Credit-Default Swaps Show

(Bloomberg) -- The perceived risk of owning U.S.
corporate bonds fell to a two-month low, according to traders
who bet on creditworthiness in the credit-default swaps market.

Contracts based on $10 million in debt included in the CDX
North America Crossover Index declined $2,000 to $144,000 at
7:39 a.m. in New York, according to Deutsche Bank AG. The index
includes 35 companies with investment-and-speculative grade
ratings. The CDX North America Investment Grade Index of 125
companies dropped $375 per $10 million to an offered price of
$34,125.


Read more at Bloomberg Bonds News

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