Corporate Bond Risk Falls in Europe as Double-Dip Concerns Ease
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The cost of insuring against losses on European corporate bonds fell to the lowest level in two weeks as investors bet the global economy will escape another recession.
The Markit iTraxx Crossover Index of credit-default swaps on 50 companies with mostly high-yield credit ratings decreased 10 basis points to 496, according to JPMorgan Chase & Co. at 2:30 p.m. in London.