Friday, July 20, 2007

Corporate Bond Risk Touches Two-Year High in Europe, Default Swaps Show

(Bloomberg) -- The risk of owning European corporate
bonds rose to a two-year high today, 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 jumped 14,000 euros to 326,000 at 10:36 a.m. in London,
according to Deutsche Bank AG.


Read more at Bloomberg Bonds News

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