(Bloomberg) -- The perceived risk of owning U.S.
and European corporate bonds rose for the sixth day in seven
amid concerns about subprime mortgage losses and the record pace
of borrowing being used to fund leveraged buyouts.
Credit-default swaps based on $10 million of debt in the
CDX North America Crossover Index jumped $3,000 to $187,000 at
11:36 a.m. in New York after hitting a 10-month high of $192,000
earlier today, according to Deutsche Bank AG. The iTraxx
Crossover Index of 50 European companies rose 9,500 euros
($12,760) to 225,000 euros at 4:27 p.m. in London, according to
JPMorgan Chase & Co. The increase is the biggest since March 14.
Read more at Bloomberg Bonds News
and European corporate bonds rose for the sixth day in seven
amid concerns about subprime mortgage losses and the record pace
of borrowing being used to fund leveraged buyouts.
Credit-default swaps based on $10 million of debt in the
CDX North America Crossover Index jumped $3,000 to $187,000 at
11:36 a.m. in New York after hitting a 10-month high of $192,000
earlier today, according to Deutsche Bank AG. The iTraxx
Crossover Index of 50 European companies rose 9,500 euros
($12,760) to 225,000 euros at 4:27 p.m. in London, according to
JPMorgan Chase & Co. The increase is the biggest since March 14.
Read more at Bloomberg Bonds News
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