European corporate credit default swap spreads were wider late on Tuesday, but had edged away from wider levels seen earlier in the session. By 1546 GMT, the investment-grade Markit iTraxx Europe index was at 114.50 basis points, according to data from Markit. That is 0.50 basis points wider than late on Monday, according to data from BGC Partners.
The Markit iTraxx Crossover index, made up of 50 mostly "junk"-rated credits, was at 519 basis points, 2 basis points wider.
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