The cost of euro credit default insurance declines, boosting investment appetite for risk assets

ChainCatcher News, according to Golden Ten Data, after the Federal Reserve cut interest rates by 0.25 percentage points on Wednesday, market sentiment improved and the cost of credit default insurance denominated in euros declined. This Fed rate cut has boosted global investment appetite for risk assets. According to S&P Global Market Intelligence data, the European iTraxx Crossover Index, which measures credit default swaps on euro-denominated high-yield bonds, fell by 3 basis points to 248 basis points.