Euro High-Yield Credit Default Protection Costs Rise as U.S.-Iran Hostilities Resurface -- Market Talk
Dow Jones2026/07/29 09:000900 GMT - The cost of default protection for euro high-yield credit climbs as investor sentiment deteriorates after Middle East tensions resume. Iran launched surprise attacks on U.S. forces in Jordan on Tuesday, and the U.S. military alongside Saudi forces struck Iran-backed groups in Iraq. The news weighs on market sentiment and lowers appetite for risky assets. The iTraxx Europe Crossover index of euro high-yield credit default swaps rises 2 basis points to 262bps, S&P Global Market Intelligence data show. (miriam.mukuru@wsj.com)
(END) Dow Jones Newswires
July 29, 2026 05:00 ET (09:00 GMT)
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