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Debt Risk Heads for Third Weekly Rise as Yields Surge in Europe

The cost of insuring European corporate bonds is heading for its third weekly increase as yields surge amid concern central banks will curb their efforts to boost economic growth.

The Markit iTraxx Europe Index of credit-default swaps on 125 companies with investment-grade ratings rose eight basis points this week, and was at 111 basis points at 10:51 a.m. in London, the longest stretch of weekly gains since March. Average yields on the debt rose nine basis points to a two-month high of