CNN To Be Announced October 17, 2013 07:17:00
Home about. treasury yields will spike. then you have people deciding they're not going to invest in u.s. debt. banks like citi did and fidelity, they ditched short-term treasuries. jp jpmorgan, fidelity reduced their exposure. citi was no longer accepting short-term t-bills as collateral. hong kong says short-term bills have less ability as collateral. u.s. debt, not as worthy as it was. then the cdss, credit default swaps. the ability to bet against a u.s. government default. unthinkable in the past. market over the past month, the cost of buying cdss, 12 times higher. you've got a spike in ...
Source: archive.org