Credit Has Best Rally in Europe Since 2009 With Central Bank Aid

Credit Has Best Rally in Europe Since 2009 With Central Bank Aid

Gianluca Colla/Bloomberg

Commodities trader Glencore International Plc’s five-year credit-default swaps are the best-performing of the 125 investment-grade companies in Markit’s iTraxx Europe Index, tightening 281 basis points this year to 199, data compiled by Bloomberg show.