Euro Credit Default Protection Costs Rise as Risk Appetite Falls
Euro corporate bond default-protection costs rose as risk sentiment weakened amid concerns about AI spending. The iTraxx Europe Crossover index is referenced, but no move magnitude is provided.
The cost of protecting euro corporate bonds against default rises as risk sentiment dwindles due to AI spending concerns. Large AI companies including Alphabet, Amazon and Intel have recorded notable declines, weighing on market sentiment. The iTraxx Europe Crossover index of euro high-yield credit…