Deep Tide TechFlow message: On July 17, as concerns about potentially overvalued valuations for AI companies intensified, investors’ risk appetite fell, and the cost of credit default protection denominated in euros rose.



Investors questioned how long the rally in the AI sector could continue, and therefore they sold off technology stocks and reduced their preference for risk assets. Data from S&P Global Market Intelligence showed that the iTraxx Europe Crossover credit default swap (CDS) index, which measures high-yield credit risk in the eurozone, rose by 2 basis points to 253 basis points. (Jin10)
SPGI2.87%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned