With the European Central Bank looking set to begin full rate cuts ahead of the U.S. Federal Reserve,

credit spreads denominated in euros are likely to tighten, Bank of America analysts said in a note.

European credit is cheaper relative to U.S. credit, and expectations of ECB rate cuts should boost euro credit, Bank of America said. The ECB is widely expected to begin cutting rates at its meeting next week,

while the first rate cut by the U.S. Federal Reserve looks months away. #降息 #MegadropLista #新币挖矿 $BTC