Default protection costs for euro-denominated credit fell as oil prices declined and risk appetite improved. According to Jin10, oil prices surged on Wednesday after U.S. President Donald Trump said the Iran ceasefire agreement had ended.
ActivTrades analyst Ricardo Evangelista said in a report that traders might remain cautious given uncertainty over the U.S.-Iran conflict.
S&P Global Market Intelligence data showed the iTraxx Europe Crossover index for euro high-yield credit default swaps fell 5 basis points to 246 basis points.
Euro High-Yield CDS Protection Costs Fall as Oil Prices Decline
2026-07-09 09:01:32
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