Euro Credit Default Protection Costs Fall Due to U.S.-Iran Peace Deal Prospects -- Market Talk
Dow Jones05-22 18:28
1028 GMT - The cost of insuring euro-denominated credit against default falls due to optimism around the possibility of the U.S. and Iran reaching a peace agreement. U.S. secretary of state Marco Rubio told reporters on Thursday that there are signs of progress in the negotiations with Iran. The iTraxx Europe Crossover index, which tracks euro high-yield credit default swaps, falls 4 basis points to 276bps, S&P Global Market Intelligence data show. The iTraxx Europe Main index, which tracks euro investment-grade CDS, falls 1bp to 56bps. (miriam.mukuru@wsj.com)
(END) Dow Jones Newswires
May 22, 2026 06:28 ET (10:28 GMT)
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