Euro Credit Default Swap Costs Stay Steady

Dow Jones
Aug 06

1025 GMT - The cost of insuring euro-denominated credit against default remains steady as focus is on potential U.S.-Iran talks. There is "growing optimism that the United States and Iran could reach a peace deal allowing the Strait of Hormuz to reopen," ActivTrades' Ricardo Evangelista says in a note. The iTraxx Europe Main index of euro investment-grade credit default swaps is unchanged at 51 basis points, S&P Global Market Intelligence data show.

 

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