(Bloomberg) -- Japanese corporate bond risk rose as
losses on U.S. mortgages for people with poor credit led
investors to demand higher premiums for default protection.
Contracts based on 1 billion yen ($8.25 million) of debt
included in the iTraxx Japan Series 7 index of 50 investment-
grade Japanese companies rose by 200,000 yen to 2.66 million yen
at 1:10 p.m. in Tokyo, according to data compiled by Bloomberg.
That's the highest since the series started trading in March.
The price was as low as 1.6 million in May.
Read more at Bloomberg Bonds News
losses on U.S. mortgages for people with poor credit led
investors to demand higher premiums for default protection.
Contracts based on 1 billion yen ($8.25 million) of debt
included in the iTraxx Japan Series 7 index of 50 investment-
grade Japanese companies rose by 200,000 yen to 2.66 million yen
at 1:10 p.m. in Tokyo, according to data compiled by Bloomberg.
That's the highest since the series started trading in March.
The price was as low as 1.6 million in May.
Read more at Bloomberg Bonds News
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