On September 17, euro credit default swaps fell ahead of the widely expected first rate cut by the Federal Reserve on Wednesday. Richard Flax, chief investment officer of Moneyfarm, said in a report: "Market sentiment has clearly improved due to the high expectations of the Fed's rate cut." S&P Global Market Intelligence data showed that the iTraxx Europe Crossover index, which tracks euro high-yield credit default swaps, fell 5 basis points to 285 basis points, and the iTraxx Europe Main index, which tracks euro investment-grade CDS, fell 1 basis point to 53 basis points. (Jinshi)
Euro credit default swaps fall ahead of Fed rate decision
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