Euro High-Yield CDS Costs Hit 6-Month Peak on French Fiscal, Spanish Election Worries
The cost of insuring high-yield euro credit against default has reached a six-month high, driven by concerns over France's fiscal situation and uncertainty stemming from Spain's snap election announcement.
The cost of insuring euro high-yield credit against default rose to a six-month high, with concern centered on France's fiscal situation and Spain's announcement of snap elections, which added uncertainty to the eurozone outlook. French bond yields and their spreads over German peers surged to mu…