Euro Investment-Grade Default Protection Costs Steady
Dow Jones
Aug 05
0951 GMT - The cost of default protection for euro-denominated investment-grade credit stays unchanged as investors await further updates on the U.S.-Iran peace talks. The U.S. said that negotiations with Iran to end the Middle East conflict were proceeding well and that the two nations were close to reaching an agreement. "Markets have seen plenty of false dawns throughout this conflict, so plenty of attention will be on whether a deal is announced imminently and its details," Deutsche Bank Research strategists say in a note. The iTraxx Europe Main Index of euro IG credit default swaps is unchanged at 51 basis points, S&P Global Market Intelligence data show.
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