Sovereign, Corporate Bond Risk Rises, Credit-Default Swaps Show
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The cost of insuring against default on European sovereign and corporate debt rose for a third day, according to BNP Paribas SA.
The Markit iTraxx SovX Western Europe Index of credit-default swaps on 15 governments soared 9.5 basis points to 356.5 at 4:20 p.m. in London, the highest since Jan. 16. An increase signals deterioration in perceptions of credit quality.