By T. WRIGHT
LONDON -- The rally in European credit-derivatives markets continued Tuesday, with spreads on the Markit iTraxx index back at levels not seen since the collapse of U.S. investment bank Lehman Brothers in September 2008. Shortly after 8:45 GMT, the series 11 Markit iTraxx Europe index, which tracks the cost of protection against default on a basket of 125 investment-grade borrowers, stood at 99.25/100.25 basis points, after closing Monday at 104 basis points. The index is not only at its tightest level of the year but is back inside the 102.65 basis points level seen Sept. 12, 2008, ....
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