Corporate Bond Risk Falls on Greece Rescue Plan – Credit Markets
Finance Monday, April 12th, 2010
April 12 (Bloomberg) — The cost to protect against default on corporate bonds fell in Europe and Asia as a rescue plan to stem Greece’s budget woes eased concern of a wider debt crisis. Credit-default swaps on Greek sovereign debt tumbled 69 basis points to 357, the biggest one-day decline, according to CMA DataVision prices. [...]