Group 1 - The cost of default protection for European credit bonds remains stable as the market awaits the Federal Reserve's interest rate decision to be announced at 1900 GMT [1] - Market expectations indicate that the Federal Reserve is likely to keep interest rates unchanged, while also focusing on any guidance regarding future rate outlooks in the coming months [1] - A more optimistic outlook for the U.S. economy may suggest that the Federal Reserve will pause interest rate cuts in the near future, although a weak labor market still leaves room for potential further cuts [1] Group 2 - The iTraxx Europe Crossover index, which tracks euro high-yield credit default swaps, remains flat at 241 basis points [1]

Core Insights - The resolution of the U.S. government shutdown is boosting market sentiment, leading to a decrease in the cost of euro credit default protection [1] - Analysts believe that the end of the shutdown will allow for the release of U.S. economic data, which may support the case for a Federal Reserve rate cut and increase demand for risk assets [1] Credit Default Swap Indices - The iTraxx Europe Crossover index, which measures high-yield credit default swaps denominated in euros, fell by 1 basis point to 261 basis points [1] - The iTraxx Europe Main index, which tracks investment-grade credit default swaps in euros, also decreased by 1 basis point to 54 basis points [1]