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CDS On U.S. Debt Double
The value of credit default swaps on U.S. sovereign debt has doubled from a year ago to USD24 billion, reports Financial Times.
The value of credit default swaps on U.S. sovereign debt has doubled from a year ago to USD24 billion, according to theDepository Trust and Clearing Corp.The figure is still modest compared with that of Italy (USD284 billion) and Greece (USD78 billion).