1013 GMT - The cost of insuring euro-denominated credit against default remains unchanged given high uncertainty around the Middle East conflict. Over the weekend, Iran announced fresh demands, including compensation from the U.S. for war damage, before signing a deal. The announcement raised uncertainty around a potential resolution to the conflict. The iTraxx Europe Crossover index of euro high-yield credit default swaps is steady at 249 basis points, S&P Global Market Intelligence data show.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.