US credit default swap index widens 8 bps-Markit
NEW YORK Jan 22 (Reuters) - The cost of protecting corporate debt against default rose on Tuesday as recession fears sent U.S. stock indexes tumbling, suggesting Wall Street would join a global equities sell-off.
Default protection costs, as measured by the main index of investment-grade credit default swaps, rose nearly 8 basis points to about 124 basis points, according to data from Markit Intraday. (Reporting by Dena Aubin; Editing by Theodore d'Afflisio)
- Police hunt for motive as search for Malaysian jet spans hemispheres |
- Crimeans vote on union with Russia as Moscow pours in troops |
- Ukraine, Russia agree Crimea truce until March 21-Ukraine minister
- Malaysian PM says lost airliner was diverted deliberately |
- Democrats seek ways to limit Obamacare fallout after Florida defeat