Euro Credit Default Protection Costs are Steady

Dow Jones
08/19

0939 GMT - The cost of default protection for euro-denominated credit stays steady as markets await the minutes of the U.S. Federal Reserve meeting due to be published at 1800 GMT. The minutes could provide clues on the Fed members' views on the interest-rate outlook and on what the central bank might decide at the next policy meeting in September. The iTraxx Europe Crossover index of euro high-yield credit default swaps is unchanged at 253 basis points, S&P Global Market Intelligence data show.

 

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