News from around the web: 2009-11-23

  1. rjs says

    ed; off the links topic, but weve been throwing this around without a answer: (from yahoo finance)

    “5-year credit default swaps on U.S. soverign debt currently trade for about 25 basis points (which means it costs $25K per $10M of notional value). How does that compare to other countries or states? Japan = 72 bps; United Kingdom = 56 bps; Germany = 21 bps; California = 177 bps; New York = 85 bps”

    can someone explain to me what those CDS’s will be paid off in if the Treasury should default?

    if you can explain that, it would be appreciated..

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