Euro Credit Default Protection Costs Fall From High Levels -- Market Talk

Dow Jones03-23

1509 GMT - The cost of insuring euro credit against default drops back from elevated levels after President Trump said the U.S. would postpone strikes on Iranian energy infrastructure for five days. The iTraxx Europe Crossover index of euro high-yield credit default swaps retreats to 335 basis points, having hit an 11-month high of 365bps in early trade, LSEG data show. Trump's announcement brings some relief to investors. However, uncertainty remains and credit CDS levels stay high. The iTraxx Europe Crossover index stood at around 260bps before U.S.-Israeli military strikes on Iran began. (miriam.mukuru@wsj.com)

 

(END) Dow Jones Newswires

March 23, 2026 11:09 ET (15:09 GMT)

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