Credit risk turns around for European companies

01/28/2014 | Bloomberg

Credit default swaps tied to corporate bonds in Europe have shifted direction, falling to 80 basis points. The change is attributed partly to renewed investor confidence in currencies of emerging markets. "I'm expecting the rally to endure for some days, but after that, I'd expect more volatility, because the problems aren't just a flash in the pan," said Graham Neilson, chief investment strategist at Cairn Capital.

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