U.S. Credit Default Swaps Rise

As GDP rises and jobs numbers improve, investors weigh the effect on corporate creditworthiness of prospective quantitative easing by the Fed.

A gauge of corporate credit risk in the U.S. rose as investors weighed jobs and growth data before the Federal Reserve’s statement on the outlook for stimulus.

The Markit CDX North American Investment Grade Index, a credit-default swaps benchmark that investors use to hedge against losses or to speculate on creditworthiness, increased 0.5 basis point to a mid-price of 76.1 basis points at 1:09 p.m. in New York, according to prices compiled by Bloomberg.

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