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Corporate Bond Risk Rises in Europe, Credit-Default Swaps Show

The cost of insuring against default on European corporate debt rose, according to traders of credit-default swaps.

Contracts on the Markit iTraxx Crossover Index of 40 companies with mostly high-yield credit ratings climbed eight basis points to 724, according to JPMorgan Chase & Co. at 7:30 a.m. in London. An increase signals worsening perceptions of credit quality.