The European credit default swap indices opened slightly wider than yesterday’s levels with the iTraxx Crossover trading at 235/237 (+3), Europe 28.25/28.75 (+0.5) and HiVol 49.25/49.75(+0.75).
The most improved credits were control and automations solutions firm Invensys, US cable TV firm Mediacom and paper producer Domtar. Invensys tightened 12 basis points on the day before, 3bp on the week and 20bp on the month, according to Markit Group.
Invensys, a constituent of iTraxx Crossover, follo
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