BlockBeats reported that on September 17, euro credit default swaps fell before the market generally expected the Federal Reserve to cut interest rates for the first time on Wednesday. Richard Flax, chief investment officer of Moneyfarm, said in a report: “Market sentiment has improved significantly due to the high expectations of the Federal Reserve’s interest rate cut.” According to S&P Global Market Intelligence data, 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)
