Euro CDS costs steady as traders await U.S. jobs data
Euro credit default swap costs are steady as attention turns to U.S. non-farm payrolls due at 1230 GMT. Traders are watching the labor-market read for clues on the future path of U.S. interest rates.
The cost of euro credit default swaps is steady as market attention focuses on U.S. non-farm payrolls data due at 1230 GMT.
The jobs data will indicate the state of the U.S. labor market and could provide clues on the future path of U.S. interest rates.
Markets price in a 50% chance of a U.S.
Feder…