European Credit Risk Declines After Report of Greece Deal

Markit iTraxx Europe Index falls as much as 2 bps to 65 bps. * Markit iTraxx Crossover Index of credit-default swaps on 75 companies with mostly high-yield ratings declines as much as 9.5 bps to 286 bps * Markit iTraxx Europe Senior Financial Index of CDS on the senior debt of 30 banks and insurers drops as much as 3.5 bps to 76 bps * Bond risk declines after European Union President Donald Tusk said on Twitter Greece reached an agreement with creditors over the reforms needed to start formal negotiations over a third bailout program

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