Financial cliff head on ‧U.S. government bond default risk soared - hpc

hpc

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United States presidential election held today, U.S. debt cost of insuring the day before voting of the election record the largest increase in three years, market worried if the United States failed to properly deal with the fiscal cliff, the United States as the world's largest economy probably will be in recession dilemma.
According to Bloomberg compiled data show, New York time at 11:30 on the 5th, U.S. debt credit default swaps (CDS) at 35 basis points, intraday rose highest by 7 basis points, to 37 basis points, rewrite the largest increase since Bloomberg tracking this data at least from 2009.
 
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