Ahead of the announcement of the key interest rate decision this week, the cost of providing default guarantees for Euro high-yield credit bonds fell. The Bank of England is expected to cut interest rates, while the ECB is expected to keep interest rates unchanged. Capital.com's Kyle Rodda said in a report that prospects for interest rate cuts and a possible rise in asset prices are boosting investors' optimism. According to data from S&P Global Markets Financial Intelligence, the iTraxx Europe Crossover Index, which tracks high-yield credit default swaps in the euro, fell 1 basis point to 249 basis points.

Ahead of the announcement of the key interest rate decision this week, the cost of providing default guarantees for Euro high-yield credit bonds fell. The Bank of England is expected to cut interest rates, while the ECB is expected to keep interest rates unchanged. Capital.com's Kyle Rodda said in a report that prospects for interest rate cuts and a possible rise in asset prices are boosting investors' optimism. According to data from S&P Global Markets Financial Intelligence, the iTraxx Europe Crossover Index, which tracks high-yield credit default swaps in the euro, fell 1 basis point to 249 basis points.