Source: Bloomberg News
By Mary Childs – Dec 14, 2011 1:54 PM ET
A benchmark gauge of U.S. credit risk rose for a third day as growing funding stress in Europe fueled concern the region is struggling to curb the debt crisis.
The Markit CDX North America Investment Grade Index of credit-default swaps, which investors use to hedge against losses on corporate debt or to speculate on creditworthiness, added 2 basis points to a mid-price of 129.3 basis points at …