Europe's core holds the line as Lisbon struggles

Despite three Portuguese downgrades and a possible interest rate rise, European credit markets have been remarkably resilient to the economic turmoil – at least for now

The third Portuguese downgrade in a week and a widely tipped interest rate rise from the European Central Bank would appear to be more bad news for Europe as credit markets threaten to experience a wider sell-off. But the credit default swap market tells a different story.

The best performing governments in the credit default swap market in the first quarter have been Western Europe countries, including two of Southern Europe's problem cases.

WSJ Logo
How Trump Got His ‘Big, Beautiful Bill’ Across the Finish LineExternal link

How Trump Got His ‘Big, Beautiful Bill’ Across the Finish Line