As Trump's Inauguration Approaches, Euro CDSs Rise Cautiously

Forex - The cost of insuring Euro loans against default using credit default swaps is cautiously rising ahead of the inauguration of the U.S. president-elect Donald Trump on January 20. Russ Mould from AJ Bell stated, "Trump could be a wildcard for markets this year." According to S&P Global Market Intelligence, the iTraxx Europe Crossover index, which tracks Euro junk bond CDS, increased by 2 basis points to 308bps. The iTraxx Europe Main index, which monitors Euro investment-grade CDS, rose by 1 basis point to 57bps.