Why buy protection on Treasuries anyway?
I'm sure there's an arcane technical reason for the existence of credit default swaps on treasuries, but at first take I have to wonder.
If the US Government defaults, what sort of state is the seller of the credit protection going to be in? LOL
I'm sure there's an arcane technical reason for the existence of credit default swaps on treasuries, but at first take I have to wonder.
If the US Government defaults, what sort of state is the seller of the credit protection going to be in? LOL
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