European Investment-Grade Credit-Default Swaps Decline: Chart

Euro Area Will Have Low Inflation for a Long Time: Draghi

The cost of insuring European investment-grade corporate bonds against default fell after President Mario Draghi gave more details on the European Central Bank’s bond-buying program. The Markit iTraxx Europe gauge fell 3.3 basis points to 67.9 basis points, the most since March 30.

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