(Bloomberg) -- The perceived risk of owning U.S.
corporate bonds rose for a fifth week on concerns that subprime
mortgage losses and riskier debt loads at companies will stem
the flow of money into credit markets.
The CDX North America Crossover Index, a benchmark
measuring the perceived credit quality of companies at the
threshold of investment-grade ratings, jumped $9,000 per $10
million in bonds this week to $202,000, its highest in almost a
year, according to CMA Datavision in London. An increase in the
five-year credit-default swap contracts signals deterioration in
the perception of creditworthiness.
Read more at Bloomberg Bonds News
corporate bonds rose for a fifth week on concerns that subprime
mortgage losses and riskier debt loads at companies will stem
the flow of money into credit markets.
The CDX North America Crossover Index, a benchmark
measuring the perceived credit quality of companies at the
threshold of investment-grade ratings, jumped $9,000 per $10
million in bonds this week to $202,000, its highest in almost a
year, according to CMA Datavision in London. An increase in the
five-year credit-default swap contracts signals deterioration in
the perception of creditworthiness.
Read more at Bloomberg Bonds News
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