European bond spreads tighten

Posted by 7Star Thursday, March 26, 2009

European credit spreads tightened on Wednesday as better-than-expected US durable goods and housing data helped lessen fears about the severity of the global recession. By 1623 GMT, the investment-grade Markit iTraxx Europe index was at 159.5 basis points, according to data from Markit, 2.5 basis points tighter versus late on Tuesday.

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