Lates News

With the release of corporate financial reports approaching, investor sentiment has improved, leading to a slight drop in the price of Euro Credit Default Swaps (CDS). The function of Credit Default Swaps is similar to default insurance. Rostro analyst Joshua Mahony stated in a report, "In early Tuesday trading, the European markets as a whole showed a positive trend, moving away from the tariff concerns dominating the weekend news." S&P Global Market Intelligence data shows that the iTraxx Europe crossover index, which tracks Eurozone high-yield bond credit default swaps, dropped 2 basis points to 281 basis points.