Economics
Sovereign, Corporate Bond Risk Rises on Slowing Growth Concern
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Credit-default swaps insuring government and company debt rose after a contraction in manufacturing in Europe and China triggered concern the global economy will slow.
The Markit iTraxx SovX Western Europe Index of swaps on 15 governments jumped 10 basis points to 280, according to BNP Paribas SA prices at 10:41 a.m. in London. An increase signals worsening perceptions of credit quality.