Sovereign, Corporate Bond Risk Rises, Credit-Default Swaps Show
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The cost of insuring against default on European sovereign and corporate debt rose, according to traders of credit-default swaps.
The Markit iTraxx SovX Western Europe Index of swaps on 15 governments climbed three basis points to 355 at 11:30 a.m. in London. An increase signals deterioration in perceptions of credit quality.