Company Credit Swaps in U.S. Rise to Highest Level in Six Months
This article is for subscribers only.
A gauge of U.S. corporate credit risk rose for a fourth day to a six-month high as Chinese equities entered a bear market on concern that a cash crunch will injure the economy.
The Markit CDX North American Investment Grade Index, a credit-default swaps benchmark that investors use to hedge against losses or to speculate on creditworthiness, increased