European Credit Spreads Pull In On Bullish Sentiment

30 Oct 2008

European investors are selling protection via credit default swaps as improved confidence runs through the market.

--Kelly Paul

European investors are selling protection via credit default swaps as improved confidence runs through the market.

Europe’s iTraxx Main index traded around 146 basis points mid-morning, pulling in by 12 bps from Wednesday’s close. The Crossover, meanwhile, traded at 789 bps, said London traders. Spreads on both ...

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