Euro High-Yield Credit Protection Costs Hit Six-Month High
The cost of insuring euro-denominated high-yield credit against default rose to its highest level in six months, amid concerns over unrest and fiscal troubles in France.
The cost of insuring euro-denominated high-yield credit against default rises to its highest in six months as concerns over unrest and fiscal troubles in France cause French sovereign-bond yields to rise and European equities to fall. Cost-of-living protests in France spiraled over the weekend, und…