1137 GMT - The cost of insuring euro-denominated credit against default stays steady at lower levels amid progress toward a U.S.-Iran peace deal that could result in the reopening of the Strait of Hormuz. Nevertheless, President Trump said in a Truth Social post on Sunday that he was in no hurry to agree to a deal and that both sides "must take their time and get it right." The iTraxx Europe Crossover index, which tracks euro high-yield credit default swaps, trades at 274bps, having fallen by six basis points to that level on Friday, S&P Global Market Intelligence data show. The iTraxx Europe Main index, which tracks euro investment-grade CDS, is steady at 55 basis points. (jessica.fleetham@wsj.com)
(END) Dow Jones Newswires
May 25, 2026 07:38 ET (11:38 GMT)
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