Euro Credit Default Swaps Rise After Fed Rate Decision, Ahead of BOE Rate Decision -- Market Talk
Dow Jones
Mar 20, 2025
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)
Copyright (c) 2025 Dow Jones & Company, Inc.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.