As AI-related fears resurface, the cost of euro credit default swaps increases

Golden Ten Data reported on June 23 that as concerns over AI company valuations led to deteriorating market sentiment, the cost of default protection for euro-denominated credit bonds has risen. According to a report by Deutsche Bank strategists, worries in the technology sector have overshadowed investors' optimism regarding progress in US-Iran negotiations. S&P Global Market Intelligence data shows that the iTraxx Europe Crossover index for euro high-yield credit default swaps increased by 3 basis points to 250 basis points. The iTraxx Europe Main index for euro investment-grade credit default swaps rose by 1 basis point to 52 basis points.