Comments on: Credit Default Swaps On USA Debt Via Bloomberg http://acrossthecurve.com/?p=1547 A daily bond market chronicle Wed, 08 Sep 2010 04:43:57 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: pay credit report http://acrossthecurve.com/?p=1547&cpage=1#comment-16330 pay credit report Fri, 11 Dec 2009 13:31:32 +0000 http://acrossthecurve.com/?p=1547#comment-16330 The positive energy and encouragent we give will return back to us in the same way. The positive energy and encouragent we give will return back to us in the same way.

]]> By: Grano http://acrossthecurve.com/?p=1547&cpage=1#comment-2067 Grano Thu, 18 Sep 2008 23:59:42 +0000 http://acrossthecurve.com/?p=1547#comment-2067 Gold and guns, unfortunately. We're going somewhere and we're in a handbasket. Gold and guns, unfortunately. We’re going somewhere and we’re in a handbasket.

]]> By: gold http://acrossthecurve.com/?p=1547&cpage=1#comment-1988 gold Wed, 17 Sep 2008 19:35:37 +0000 http://acrossthecurve.com/?p=1547#comment-1988 gold is the counterpary we should trust if UST defaults. gold is the counterpary we should trust if UST defaults.

]]> By: Mukesh http://acrossthecurve.com/?p=1547&cpage=1#comment-1777 Mukesh Wed, 10 Sep 2008 22:47:52 +0000 http://acrossthecurve.com/?p=1547#comment-1777 My feeling is that taxpayers will ultimately be responsible. I went into greater detail in this blog entry: http://blog.moneyaisle.com/2008/09/credit-default-swap-cds-are-taxpayers.html My feeling is that taxpayers will ultimately be responsible. I went into greater detail in this blog entry:

http://blog.moneyaisle.com/2008/09/credit-default-swap-cds-are-taxpayers.html

]]> By: anon http://acrossthecurve.com/?p=1547&cpage=1#comment-1760 anon Tue, 09 Sep 2008 22:09:17 +0000 http://acrossthecurve.com/?p=1547#comment-1760 Lenny, I agree completely (and it doesn't matter what currency they trade in). The joint probability of the U.S. government defaulting AND some big investment bank surviving with the capability to pay off seems not worth the (even miniscule) risk. That said, I read the Bloomberg article, and the fact that CDS on U.S. Treasuries have become more expensive than those on Japanese government bonds seems bizarre to me. Keep in mind that the Japanese government has a lower credit rating than Botswana (and a debt to GDP ratio more than twice as high as the United States). Lenny, I agree completely (and it doesn’t matter what currency they trade in). The joint probability of the U.S. government defaulting AND some big investment bank surviving with the capability to pay off seems not worth the (even miniscule) risk.

That said, I read the Bloomberg article, and the fact that CDS on U.S. Treasuries have become more expensive than those on Japanese government bonds seems bizarre to me. Keep in mind that the Japanese government has a lower credit rating than Botswana (and a debt to GDP ratio more than twice as high as the United States).

]]> By: jck http://acrossthecurve.com/?p=1547&cpage=1#comment-1758 jck Tue, 09 Sep 2008 20:30:35 +0000 http://acrossthecurve.com/?p=1547#comment-1758 CDS on UST's are traded in euros. CDS on UST’s are traded in euros.

]]> By: Lenny http://acrossthecurve.com/?p=1547&cpage=1#comment-1756 Lenny Tue, 09 Sep 2008 16:04:37 +0000 http://acrossthecurve.com/?p=1547#comment-1756 The thing that always bugs me about CDS on UST's is exactly who is going to be the counterparty credit that one should trust if UST's default. The thing that always bugs me about CDS on UST’s is exactly who is going to be the counterparty credit that one should trust if UST’s default.

]]> By: UrbanDigs http://acrossthecurve.com/?p=1547&cpage=1#comment-1753 UrbanDigs Tue, 09 Sep 2008 13:30:42 +0000 http://acrossthecurve.com/?p=1547#comment-1753 how about some personal feelings on this report about this news? warranted? worthy? scary? a trend? how about some personal feelings on this report about this news?

warranted? worthy? scary? a trend?

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