(Bloomberg) -- The risk of owning corporate bonds
fell from the highest in at least three years as Citadel
Investment Group LLC took over the credit holdings of a money
losing hedge fund and GMAC LLC reported a second-quarter profit.
Credit-default swaps based on $10 million in the CDX North
American Investment-Grade Index fell $1,500 to $79,500 after
surging earlier today to $103,000, according to Deutsche Bank AG
prices. A decrease suggests improvement in the perception of
credit quality; an increase signals the opposite.
Read more at Bloomberg Bonds News
fell from the highest in at least three years as Citadel
Investment Group LLC took over the credit holdings of a money
losing hedge fund and GMAC LLC reported a second-quarter profit.
Credit-default swaps based on $10 million in the CDX North
American Investment-Grade Index fell $1,500 to $79,500 after
surging earlier today to $103,000, according to Deutsche Bank AG
prices. A decrease suggests improvement in the perception of
credit quality; an increase signals the opposite.
Read more at Bloomberg Bonds News
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