Euro Credit Default Swap Costs Steady Ahead of U.S. Jobs Data

Dow Jones07-02 19:01

1101 GMT - The cost of insuring euro credit against default stays steady as investors await U.S. jobs data due at 1230 GMT. Economists in a WSJ poll expect the data to show 115,000 new jobs created, fewer than the 172,000 new jobs recorded in May. The jobs data matter because they will indicate "genuine labor-market strength or expose a narrow, uneven jobs engine with more slack than the unemployment rate admits," Tickmill Group's Patrick Munnelly says in a note. The iTraxx Europe Crossover index of euro high-yield credit default swaps is unchanged at 245bps, S&P Global Market Intelligence data show. (miriam.mukuru@wsj.com)

(END) Dow Jones Newswires

July 02, 2026 07:01 ET (11:01 GMT)

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The iTraxx Europe Crossover index of euro high-yield credit default swaps is unchanged at 245bps, S&amp;P Global Market Intelligence data show. 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