Jin10 data July 11 news, concerns have resurfaced ahead of the U.S. announcement of new tariffs on Europe. The cost of using credit default swaps (CDS) to hedge against credit default risks in the Eurozone has increased. According to S&P Global Market Intelligence data, the iTraxx Europe Crossover index tracking junk-rated corporate bonds in the Eurozone rose by 5 basis points to 283 basis points. Tickmill Group analyst Patrick Munelli pointed out in the report that Trump has announced that the EU will also receive a tariff letter, leading investors to believe that trade negotiations between the U.S. and Europe are not progressing smoothly.
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Clouds of tariffs loom over Europe as credit default swap costs rise.
Jin10 data July 11 news, concerns have resurfaced ahead of the U.S. announcement of new tariffs on Europe. The cost of using credit default swaps (CDS) to hedge against credit default risks in the Eurozone has increased. According to S&P Global Market Intelligence data, the iTraxx Europe Crossover index tracking junk-rated corporate bonds in the Eurozone rose by 5 basis points to 283 basis points. Tickmill Group analyst Patrick Munelli pointed out in the report that Trump has announced that the EU will also receive a tariff letter, leading investors to believe that trade negotiations between the U.S. and Europe are not progressing smoothly.