The average yield for nonfinancial company bonds in the iBoxx Euro corporate index, which measures the performanceof investment-grade debt issued in euros, is around 2.35%, Markit said.
The charge is in connection with the sale of a synthetic collateralized debt obligation that was tied to the performanceof subprime residential mortgage-backed securities.
And the other relevant point is that there is plenty of evidence that once public sector debt reaches that range of 80-100% of GDP, economic performance suffers.