Euro Credit Default Protection Costs Climb Amid Weakening Risk Appetite
The cost of insuring euro credit against default is rising, with high-yield credit default swaps reaching their highest in nearly six months. This increase reflects investor caution driven by elevated oil prices and inflation fears, alongside surging global sovereign bond yields.
The cost of insuring euro credit against default increased, with high-yield credit default swaps reaching their highest level in nearly six months, as investors remained cautious amid elevated oil prices and inflation fears. Global sovereign bond yields have risen to multi-decade highs, pointing to market jitters.