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European corporate credit default swaps were wider on Thursday, but they edged away from earlier session wides after Wall Street turned positive. By 1538 GMT, the investment-grade Markit iTraxx Europe index was at 84 basis points, according to data from Markit, 1.5 basis points wider versus late on Thursday. The Markit iTraxx Crossover index, made up of 50 mostly "junk"-rated credits, was at 504 basis points, 6 basis points wider.

Copyright Reuters, 2009

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