Tuesday, July 10, 2007

Japan Company Bond Risk Is Highest Since April, Credit-Default Swaps Show

(Bloomberg) -- The risk of owning Japanese
corporate bonds rose to the highest since April, according to
traders of credit-default swaps.

Contracts based on 1 billion yen ($8.2 million) of debt
included in the iTraxx Japan Series 7 index of 50 investment-
grade Japanese companies rose to 2.16 million yen today from
2.08 million yen yesterday, according to data compiled by
Bloomberg.


Read more at Bloomberg Bonds News

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