A benchmark gauge of U.S. company credit risk climbed from about a two-month low on concern Europe’s sovereign-debt crisis is harming the region’s banks. 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 0.6 basis point to a mid-price of 118.6 basis points at 5:19 p.m. in New York, according to Markit Group Ltd. Credit- default swaps on Eastman Kodak Co. jumped to a record after a report that the imaging company may be preparing for a bankruptcy filing.
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