The cost of euro credit default swaps has decreased, and the willingness to invest in risk assets has increased

ChainCatcher news, according to Jinshi reports, after the Federal Reserve lowered interest rates by 0.25 percentage points on Wednesday, market sentiment improved, and the cost of default insurance for euro-denominated credit subsequently decreased. This Fed rate cut has boosted the global willingness to invest in risk assets. S&P Global Market Intelligence data shows that the European cross-credit default swap index, which measures the credit default swaps of euro high-yield bonds, fell by 3 basis points to 248 basis points.