Monday, 02 July 2007

Corporate Bond Risk Rises to 3-Month High in Europe Led by Boots, Virgin

(Bloomberg) -- The risk of owning European corporate
bonds rose to a three-month 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 increased as
much as 12,000 euros to 245,000 euros in London at 9:55 a.m.,
according to JPMorgan Chase & Co.


Read more at Bloomberg Bonds News

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