As market sentiment worsens, the cost of default protection for Euro-denominated high-yield credit bonds rises.

Jinse Finance reported that on June 26, as concerns over the technology sector weakened market sentiment, the cost of default protection for euro-denominated high-yield credit bonds increased. The market is worried about the high prices of memory chips and their impact on the profitability of technology companies. S&P Global Market Intelligence data shows that the iTraxx Europe Crossover Index for euro high-yield credit default swaps rose by 1 basis point to 248 basis points.