"US and EU credit markets are experiencing divergent trends ahead of elections and rate cuts. The US is witnessing higher borrowing costs, while the EU's borrowing rates remain relatively stable. This discrepancy could lead to a credit crunch, impacting businesses and individuals seeking loans. Market analysts are closely monitoring these developments as they may influence economic growth and monetary policies."

Source: https://www.bloomberg.com/news/audio/2024-11-12/us-vs-eu-credit-gaps-on-election-and-rate-cuts-credit-crunch