Wednesday, 20 June 2007

British Airways, Clariant, Weather: European Credit-Default Swap Movers

(Bloomberg) -- The risk of owning European
corporate bonds fell, according to traders in the credit-default
swaps market.

Contracts based on 10 million euros ($13 million) of debt
included in the iTraxx Crossover Series 7 Index fell 1,000 euros
to 195,000 euros at 11:05 a.m. in London, according to JPMorgan
Chase & Co.


Read more at Bloomberg Bonds News

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