Before the resolution of the European Central Bank interest rate, the euro credit default swap fell

Jinshi data, October 17 news, ahead of the announcement of the Central Bank Intrerest Rate decision in Europe, the euro credit default swap slightly declined. Analysts at Royal Bank of Canada Capital Market said in a report, “We expect the European Central Bank’s Governing Council to cut interest rates by 25 basis points and accelerate the pace of rate cuts.” S&P Global Market Intelligence data shows that the iTraxx Europe Crossover index, which tracks euro high-yield CDS, fell 5 basis points to 299 basis points, and the iTraxx Europe Main index, which tracks euro investment-grade CDS, fell 1 basis point to 55 basis points.