(Bloomberg) -- The risk of owning European
corporate bonds fell, according to traders of credit-default
swaps.
Contracts based on 10 million euros ($13.8 million) of debt
included in the iTraxx Crossover Series 7 Index of 50 European
companies dropped 6,000 euros to 268,000 euros at 8:17 a.m. in
London, according to JPMorgan Chase & Co. The index rose as high
as 310,000 euros last week.
Read more at Bloomberg Bonds News
corporate bonds fell, according to traders of credit-default
swaps.
Contracts based on 10 million euros ($13.8 million) of debt
included in the iTraxx Crossover Series 7 Index of 50 European
companies dropped 6,000 euros to 268,000 euros at 8:17 a.m. in
London, according to JPMorgan Chase & Co. The index rose as high
as 310,000 euros last week.
Read more at Bloomberg Bonds News
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