PKN postpones bond issue on volatile market -lead

(Reuters) - The iTraxx Crossover index , a barometer of
European credit market sentiment, has widened sharply throughout
Tuesday's trading session, and was 22 basis points wider by 1319
GMT at 268 basis points, according to prices from Deutsche Bank.




ABN AMRO, BNP Paribas, Citigroup and SG CIB are managing the
PKN Orlen bond sale.


Read more at Reuters.com Bonds News

German Power Retains Premium Over France on Wind, Hydroelectric Production

(Bloomberg) -- Forecasts for low wind speeds, which
may reduce production from turbines, helped keep German power at
a premium over prices in France, where hydroelectric plants may
boost output.

German baseload power for delivery on the next working day
rose 1.6 percent to 48.25 euros ($64.41) a megawatt hour,
compared with a last price of 47.50 euros on June 8 for power
delivered today, according to prices on Bloomberg from the
energy broker GFI Group Inc. French power traded at 33.50 euros.


Read more at Bloomberg Energy News