The cost of default protection for euro denominated credit falls as U.S. and Iran pause attacks, easing concerns about renewed conflict. "Despite short term violations of the ceasefire, we believe that U.S. and Iran will agree to a deal," Jefferies economist Mohit Kumar says in a note. The iTraxx Europe Crossover index of euro high-yield credit default swaps falls 1 basis point to 247bps, S&P Global Market Intelligence data show. (miriam.mukuru@wsj.com)
Dow Jones Newswires
Euro Credit Default Swap Costs Decline as Geopolitical Tensions Ease — Market Talk
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The cost of default protection for euro denominated credit falls as U.S. and Iran pause attacks, easing concerns about renewed conflict. "Despite short term violations of the ceasefire, we believe that U.S. and Iran will agree to a deal," Jefferies economist Mohit Kumar says in a note. The iTraxx E…