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Ahead of Nvidia's earnings report, the cost of insuring against default on euro credit default swaps (CDS) remains steady.
On May 28, the cost of insurance for euro credit default swaps (CDS) remained stable, as investors remained cautious ahead of Nvidia’s earnings release on Wednesday. Joshua Mahony, chief market analyst at Rostro, said in a note: "Nvidia’s earnings report is the main corporate highlight of the week, and the world’s second-largest company by market capitalization will report results after the market closes. The iTraxx Europe Crossover Index, which tracks euro junk bond credit default swaps, was flat at 300 basis points, according to S&P Global Market Intelligence data.