Wednesday, June 6, 2007

FKI, Altadis Credit-Default Swaps Fall; Europe's ITraxx Index Increases

(Bloomberg) -- The risk of owning European corporate
bonds rose today, according to traders in the credit-default
swaps market.

Contracts based on 10 million euros ($13 million) of debt
included in the iTraxx Crossover Series 7 Index rose 3,500 euros
to 193,500 euros, according to JPMorgan Chase & Co.


Read more at Bloomberg Bonds News

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