The cost of high-yield credit default protection in Europe is rising

Golden Ten Data reported on March 16 that due to the Middle East war, investors have become cautious, leading to a rise in the cost of insurance for high-yield euro bonds. This week, the market will focus on the interest rate decisions and policy guidance from the central banks of the United States, Eurozone, United Kingdom, and Japan. According to S&P Global Market Intelligence, the iTraxx Europe Crossover Index for euro high-yield credit default swaps rose by 4 basis points to 310 basis points, while the iTraxx Europe Main Index for euro investment-grade credit default swaps remained unchanged at 65 basis points.