The cost of credit default protection for mainland China has slightly decreased.

After the United States proposed a 15-point plan aimed at ending the Middle East war, market sentiment improved slightly and the cost of credit default swaps on Eurozone bonds decreased. Data from S&P Global Market Intelligence shows that the iTraxx Europe Crossover index, which tracks Eurozone high-yield credit default swaps, fell by 12 basis points to 330 basis points. The index had reached an 11-month high of 365 basis points on Monday.