Euro Credit Default Protection Costs Remain High -- Market Talk
Dow Jones03-24
1128 GMT - The cost of default protection for euro credit stays steady at elevated levels as investors exercise caution given the uncertainty around the Middle East war. Markets stay volatile as new developments unfold in the U.S.-Iran conflict, IG analysts say in a note. The iTraxx Europe Crossover index of euro high-yield credit default swaps is steady at 343 basis points, close to the 11-month high of 365 bps reached on Monday, S&P Global Market Intelligence data show. The iTraxx Europe Main index of euro investment-grade CDS is unchanged at 69bps. (miriam.mukuru@wsj.com)
(END) Dow Jones Newswires
March 24, 2026 07:28 ET (11:28 GMT)
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