Forex News: The investment-grade corporate bond market, the Markit CDX IG10, is stronger Wednesday as the banking sector gave a rare fillip to the broader market, according to Gavan Nolan, Vice President of credit research at Markit. Wells Fargo beat earnins expectations and saw its credit default swaps, which have almost tripled since the start of May, tighten, Nolan noted. A stronger than expected inflation figure for June and further falls in the price of crude contributed to moves in the CDX which is at 142 bps mid-level, against Tuesday's 143.66 bps close, Markit shows.
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