European CDS indexes widened slightly on Tuesday, tracking weakness in equities, while Virgin Media led high-yield issuance in the cash bond market, continuing its recent strong run. By 1048 GMT, the investment-grade Markit iTraxx Europe index was at 66.75 basis points, according to data from Markit. That is 1.5 basis points wider versus late on Monday, according to data from BGC Partners.
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- Three British managers held in French bossnapping
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