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Market Sentiment Deteriorates, Driving Up Default Protection Costs for Euro-Denominated High-Yield Corporate Bonds
1 day ago /
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Author：小编
On June 26th, amid growing market concerns regarding the future prospects of the technology sector, the cost of default protection for euro-denominated high-yield corporate bonds experienced an uptick. Market observers are apprehensive that the elevated prices of memory chips could potentially erode the profitability of tech firms. According to data from S&P Global Market Intelligence, the iTraxx Europe Crossover index, which tracks euro high-yield credit default swaps, rose by 1 basis point, reaching 248 basis points. This surge in costs follows Apple's recent announcement of price hikes for its related products, sparking fears of weakened demand for electronic goods and, consequently, casting a shadow over the memory chip market.
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