Euro Credit Default Swap Costs Edge Higher as Investors Remain Cautious
Dow Jones
Yesterday
1021 GMT - The cost of euro credit default protection rises as market sentiment stays weak due to geopolitical concerns and elevated energy prices. Investors' attention is on the U.S. non farm payrolls data due on Friday to gain clues on the potential path of interest-rate decisions by the U.S. Federal Reserve. Markets price in a 60% possibility of a Fed rate increase in September, LSEG data show. The iTraxx Europe Crossover index of euro high-yield credit default swaps rises 2 basis points to 253bps, S&P Global Market Intelligence data show.
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