The cost of default insurance for euro credit bonds has stabilized at a relatively low level, and transactions are light, as many traders left the market before the Christmas holidays. This week's better-than-expected US GDP data boosted positive market sentiment. According to data from S&P Global Markets Financial Intelligence, the iTraxx Europe Crossover Euro High Yield Credit Default Swap Index remained flat at 245 basis points. The iTraxx Europe Main Euro Investment-grade Credit Default Swap Index stabilized at 51 basis points.

The cost of default insurance for euro credit bonds has stabilized at a relatively low level, and transactions are light, as many traders left the market before the Christmas holidays. This week's better-than-expected US GDP data boosted positive market sentiment. According to data from S&P Global Markets Financial Intelligence, the iTraxx Europe Crossover Euro High Yield Credit Default Swap Index remained flat at 245 basis points. The iTraxx Europe Main Euro Investment-grade Credit Default Swap Index stabilized at 51 basis points.