1141 GMT - The cost of insuring euro credit against default using credit default swaps rises in cautious trading following the U.S. Federal Reserve interest-rate decision and ahead of the Bank of England decision at 1200 GMT. The Fed on Wednesday lowered its U.S. growth projections and raised the inflation outlook. Investors await the BOE interest-rate decision, where a 94% chance of rates staying on hold at 4.50% is priced in, LSEG data show. The iTraxx Europe Crossover index, which tracks euro junk bond credit default swaps, rises 8 basis points to 308bps, S&P Global Market Intelligence data show. (miriam.mukuru@wsj.com)
(END) Dow Jones Newswires
March 20, 2025 07:41 ET (11:41 GMT)
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