Macro Musings with Jim Leitner
The Market Huddle
00:00
The GOP's Decision to Stop Negotiating With Counterproposals
The US-CDS market is trading with roughly around a 4% chance of the US defaulting doing a technical default. If you were forced to make a market, like what would be your bid offer on that? Well, I would say that it's probably more in the 25% to 30% range. "I just don't know how this is supposed to get resolved," he says.
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