European CDS little changed

European credit derivatives were little changed on Wednesday as better-than-expected data on US durable goods orders and new home sales failed to have much impact on the European and US equity markets. By 1521 GMT, the investment-grade Markit iTraxx Europe index was at 90 basis points, according to data from Markit, 0.75 basis points wider versus late on Tuesday.
The Markit iTraxx Crossover index, made up of 44 mostly "junk"-rated credits, was at 587.7 basis points, 5.2 basis points wider. US benchmark equity indices were slightly higher, whilst European stock markets were slightly lower.