Corporate Credit-Default Swaps in U.S. Fall; Abbott Plans Bonds
This article is for subscribers only.
A gauge of U.S. corporate credit risk reversed an earlier rise as service industries showed continued growth in October and Americans prepared to vote in the presidential election.
The Markit CDX North America Investment Grade Index, a credit-default swaps benchmark that investors use to hedge against losses or to speculate on creditworthiness, declined 0.6 basis point to a mid-price of 96.9 basis points at 4:01 p.m. in New York, according to prices compiled by Bloomberg. The measure fell from an intraday high of 98.6.