Corporate Bond Risk in U.S., Europe Falls Second Day, Credit Indexes Show

(Bloomberg) -- Corporate bond risk declined for a
second day, according to credit-default swap traders who bet on
creditworthiness.

Credit-default swaps on $10 million of debt in the CDX North
America Investment Grade Index of 125 companies fell $750 to
$44,750 at 7:31 a.m. in New York, according to broker Phoenix
Partners Group. Europe's iTraxx Crossover Index of 50 companies
dropped 4,500 euros ($6,201) to 270,500 euros at 12:57 p.m. in
London, JPMorgan Chase & Co. prices show.


Read more at Bloomberg Bonds News