10/12/2011

Credit default swaps on the debt of European nations were unchanged, while CDS on bank debt went in different directions. The Markit iTraxx Financial Index, which covers debt of financial institutions, rose 5 basis points, according to JPMorgan Chase. Meanwhile, the Markit iTraxx Crossover Index, which is linked to firms with mostly high-yield ratings, dropped more than 10 basis points.

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