(Bloomberg) -- The risk of owning European corporate bonds fell today, according to traders in the credit-default swaps market.
The cost of a credit-default swap based on a 10 million- euro ($13 million) contract on the iTraxx Crossover Series 7 Index, which includes 50 companies with investment-grade and non-investment grade ratings, fell 2,000 euros to 202,500 euros, according to JPMorgan Chase & Co.
Read more at Bloomberg Bonds News
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