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Xover equity tranche pressured by Abengoa and Isolux blowouts

man in suit falling px230 x 150 for gc

The equity 0% to 10% tranche of iTraxx Crossover this week came under selling pressure amid a gapping out of some of the already weaker credits, with Abengoa leading the rout and now vying with Norske Skog to be the index’s riskiest constituent.

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