Euro credit-default swap costs eased after Micron Technology (MU.O) posted strong results, boosting risk appetite, while soft US economic data and comments from Fed officials trimmed odds of another rate hike next month. iTraxx Europe Crossover, the euro high-yield CDS gauge, fell 5bps to 296bps, though S&P Global Market Intelligence shows it remains near Tuesday’s nearly six-month high of 301bps. IG analysts said “strong earnings and AI enthusiasm” have outweighed market concerns about high bor

Euro credit-default swap costs eased after Micron Technology (MU.O) posted strong results, boosting risk appetite, while soft US economic data and comments from Fed officials trimmed odds of another rate hike next month. iTraxx Europe Crossover, the euro high-yield CDS gauge, fell 5bps to 296bps, though S&P Global Market Intelligence shows it remains near Tuesday’s nearly six-month high of 301bps. IG analysts said “strong earnings and AI enthusiasm” have outweighed market concerns about high borrowing costs.