U.S. government credit default swaps hit all time high on debt ceiling impasse
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The cost of insuring exposure to U.S. government debt rose to fresh highs on Wednesday, as President Joe Biden and top lawmakers remained deadlocked in talks over raising the $31.4-trillion U.S. borrowing limit. Spreads on U.S. one-year credit default swaps (CDS) – market-based gauges of the risk…
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