Skip to content
Subscriber Only

U.S. Credit Swaps Fall to Lowest in a Week; JPMorgan Sells Bonds

A gauge of U.S. corporate credit risk declined to the lowest level in a week as retail sales in September rose more than expected.

The Markit CDX North America Investment Grade Index, a credit-default swaps benchmark that investors use to hedge against losses or to speculate on creditworthiness, fell 1.5 basis points to a mid-price of 95.8 basis points at 4:22 p.m. in New York, according to prices compiled by Bloomberg. Contracts tied to Sprint Nextel Corp. reached the lowest in more than a year after Softbank Corp. agreed to buy a stake in the third-largest U.S. wireless carrier.