(Bloomberg) -- Corporate bond risk soared to the
highest in a year after Standard & Poor's said it may cut
ratings on $12 billion of subprime securities, according to
traders of credit-default swaps.
The CDX North American Investment-Grade Index of credit-
default swaps on 125 companies increased $3,000 to $46,000,
according to Phoenix Partners Group in New York, the highest
risk premium since June 2006. In Europe the iTraxx Crossover
Series 7 Index of 50 companies jumped as much as 24,500 euros to
271,000 euros, the biggest daily move in more than two years,
according to JPMorgan Chase & Co.
Read more at Bloomberg Bonds News
highest in a year after Standard & Poor's said it may cut
ratings on $12 billion of subprime securities, according to
traders of credit-default swaps.
The CDX North American Investment-Grade Index of credit-
default swaps on 125 companies increased $3,000 to $46,000,
according to Phoenix Partners Group in New York, the highest
risk premium since June 2006. In Europe the iTraxx Crossover
Series 7 Index of 50 companies jumped as much as 24,500 euros to
271,000 euros, the biggest daily move in more than two years,
according to JPMorgan Chase & Co.
Read more at Bloomberg Bonds News
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