Euro-denominated high-yield credit default swap costs rose as weakening sentiment driven by tech-sector worries pushed risk premia higher. Markets are concerned that elevated memory-chip prices could hurt tech earnings. S&P GLOBAL MARKET INTELLIGENCE shows the iTraxx Europe Crossover index widened 1bp to 248bps.

2026-06-26

Euro-denominated high-yield credit default swap costs rose as weakening sentiment driven by tech-sector worries pushed risk premia higher. Markets are concerned that elevated memory-chip prices could hurt tech earnings. S&P GLOBAL MARKET INTELLIGENCE shows the iTraxx Europe Crossover index widened 1bp to 248bps.