Thursday, June 7, 2007

Global Corporate Bond Risk Rises for Second Day, Credit-Default Swaps Show

(Bloomberg) -- The risk of owning U.S. and European
corporate bonds rose today as investors sought the safety of
government bonds after benchmark Treasury yields rose to a 10-
month high, according to credit-default swap traders.

Contracts based on $10 million in debt included in the CDX
North America Crossover Index increased $3,750 to $150,750 as of
12:07 p.m. in New York, according to Deutsche Bank AG. Contracts
based on the iTraxx Crossover Series 7 Index of 50 European
companies rose 8,000 euros to 207,000 euros as at the close of
trading today in London.


Read more at Bloomberg Bonds News

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