Monday, April 23, 2007

European Corporate Bond Risk Declines, Credit-Default Swap Prices Show

(Bloomberg) -- The risk of owning European corporate bonds fell, according to traders of credit-default swaps.

Contracts based on 10 million euros ($13 million) of debt included in the iTraxx Crossover Series 7 Index of 50 European companies, fell 2,500 euros to 193,000 euros at 8:04 a.m. in London, according to JPMorgan Chase & Co.


Read more at Bloomberg Bonds News

No comments: