Friday, July 20, 2007

UPDATE 1-US corporate credit derivative indexes hit records

(Reuters) - "Markets are very skittish at present," said Edward
Marrinan, head of high-grade strategy at JP Morgan in New
York.




The benchmark investment grade credit derivative index
earlier traded at a wide of 53 basis points on Friday, three
basis points wider than Thursday's close, before retracing to
around 52.5 basis points.


Read more at Reuters.com Bonds News

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