Due to market expectations that the Federal Reserve will cut interest rates next week and market sentiment improves, the cost of default protection for Euro credit bonds has declined. According to data from the London Stock Exchange Group, market conditions reflect an 85% chance that the Federal Reserve will cut interest rates by 25 basis points on December 10. According to S&P Global Market Financial Intelligence data, the iTraxx Europe Crossover Euro High Yield Credit Default Swap Index fell 2 basis points to the latest report of 253 basis points. The iTraxx Europe Main Euro Investment-grade Credit Default Swap Index fell 1 basis point to 52 basis points.

Due to market expectations that the Federal Reserve will cut interest rates next week and market sentiment improves, the cost of default protection for Euro credit bonds has declined. According to data from the London Stock Exchange Group, market conditions reflect an 85% chance that the Federal Reserve will cut interest rates by 25 basis points on December 10. According to S&P Global Market Financial Intelligence data, the iTraxx Europe Crossover Euro High Yield Credit Default Swap Index fell 2 basis points to the latest report of 253 basis points. The iTraxx Europe Main Euro Investment-grade Credit Default Swap Index fell 1 basis point to 52 basis points.