Eurozone credit default protection costs remained low as markets remained calm after the US arrested the Venezuelan president over the weekend. Rabobank's Basvan Geffen stated in the report: “The market will mainly absorb the consequences of actions against Venezuela.” According to data from S&P Global Markets Financial Intelligence, the iTraxx European Main Index, which measures investment grade credit default swaps in the Eurozone, is flat at 50 basis points. Meanwhile, the iTraxx European Cross Index, which measures the Eurozone's high-yield CDS, fell 2 basis points to 242 basis points.

Eurozone credit default protection costs remained low as markets remained calm after the US arrested the Venezuelan president over the weekend. Rabobank's Basvan Geffen stated in the report: “The market will mainly absorb the consequences of actions against Venezuela.” According to data from S&P Global Markets Financial Intelligence, the iTraxx European Main Index, which measures investment grade credit default swaps in the Eurozone, is flat at 50 basis points. Meanwhile, the iTraxx European Cross Index, which measures the Eurozone's high-yield CDS, fell 2 basis points to 242 basis points.