Core Viewpoint - Concerns are rising over the potential impact of new tariffs on Europe, leading to increased costs for credit default swaps (CDS) as investors seek to hedge against credit default risks in the Eurozone [1] Group 1: Market Reactions - The iTraxx Europe Crossover index, which tracks junk-rated corporate bonds in the Eurozone, has increased by 5 basis points to 283 basis points [1] - The announcement of tariffs by the U.S. has reignited fears among investors regarding the progress of trade negotiations between the U.S. and the EU [1] Group 2: Analyst Insights - Patrick Munelli, an analyst at Tickmill Group, highlighted that the U.S. has sent a tariff letter to the EU, indicating that trade talks are not progressing smoothly [1]