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Kohl’s Swaps Jump After Retailer Cuts Forecast for 2012 Profit

The cost to guard against losses on the debt of Kohl’s Corp. rose the most in four weeks after the third-largest U.S. department-store company cut its fiscal 2012 profit forecast and said second-quarter sales fell.

Credit-default swaps tied to Menomonee Falls, Wisconsin-based Kohl’s rose 6.8 basis points to a mid-price of 181.6 basis points, the biggest increase since July 12, according to data provider CMA, which is owned by McGraw-Hill Cos. and compiles prices quoted by dealers in the privately negotiated market.