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2025-07-29 18:17:57
[Market "Black Hole": Real Data Under the Vortex of Confidence] (1) The conclusion of the US-European trade agreement has boosted market sentiment, and the cost of default risk on euro-denominated credit has subsequently declined. (2) Data reveals that the iTraxx European Crossover Index, which measures credit default swaps on euro junk bonds, fell 3 basis points to 265 basis points. (3) Investor optimism is spreading, believing that the operating certainty of European and American companies has increased. (4) This is not blind optimism, but rather a direct boost to market sentiment based on clear progress on the trade agreement. (5) The reduction in the cost of credit default swaps (CDS) directly reflects the market's declining expectations of default risk. (6) From a trading perspective, this certainty has led to a decline in the fear index and an increase in risk appetite. (7) Current market data suggests that the market is gradually digesting uncertainties and actively seeking a new equilibrium. (8) This data trend warrants close attention, as it may indicate further changes in capital flows and asset prices. ⑼ ?However, we still need to be vigilant that the improvement in market sentiment does not mean the elimination of all risks, and some potential factors may still trigger fluctuations.
