Wednesday, June 27, 2007

Basell, M-Real, Sainsbury: European Credit-Default Swap Market Movers

(Bloomberg) -- The risk of owning European corporate
bonds soared 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 jumped 11,500
euros to 228,000 euros at 10:45 a.m. in London, according to
JPMorgan Chase & Co.


Read more at Bloomberg Bonds News

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