Credit Default Swaps on US Debt Spike Beyond 2008 Levels
Credit Default Swaps on US Debt Spike Beyond 2008 Levels
TrustNodes 2023-05-05 16:51:00
The cost of insuring against a US government default on its $31.4tn debt has surged tenfold in the past six months, with concerns over the creditworthiness of the US arising due to the state of US commercial banking.