Euro Credit Default Protection Costs Rise as AI Valuation Concerns Weigh on Sentiment
2026-06-23 11:50:19
Default protection costs for euro-denominated credit rose as worries about valuations of AI companies hurt market sentiment, according to 36Kr. Deutsche Bank strategists said concerns about the technology sector outweighed investor optimism over progress in U.S.-Iran talks. S&P Global Market Intelligence data showed the iTraxx Europe Crossover index for euro high-yield credit default swaps rose 3 basis points to 250 basis points, while the iTraxx Europe Main index for investment-grade CDS climbed 1 basis point to 52 basis points.
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