Posts Tagged ‘10 million’

Campbells Soup Safer Credit Risk Than US Government

Wednesday, December 10, 2008 18:27 No Comments

Credit default swaps on treasuries hit another record. It now costs 66 basis points (0.66%) to buy protection against a US Government default on its treasury bonds. The cost has risen over 100 times the  January 2007 level of .06 basis points (0.006%) .
Credit default swaps (CDS) are a kind of insurance contract that can [...]

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