If the U.S. Treasury finds itself unable to pay all its bills as they come due, all manner of horrible things would probably happen, both in markets and in the economy as a whole.
34 of the 40 highest-ever levels for the contract have been seen just in 2023 so far, with many more sure to come.If the U.S. Treasury finds itself unable to pay all its bills as they come due, all manner ofIt's a reasonable assumption, whether or not the government managed to continue to make payments on Treasury securities, that markets would fall precipitously. After all, U.S. government spending is roughlyTraders are trying to hedge that risk — that’s what the rise in the price of U.S.
Buying cheap CDS that soar in value when a crisis hits is a well-worn playbook: Hedge fund manager Bill Ackman famously, really, that a U.S. default will cause the CDS to be triggered and that there is a potentially large profit to be made when that happens.
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