31 Jan 2011 By Agnes Crane

Betting on Treasury yields rising is one thing; trading the chance of default is another. U.S. credit default swap volumes have spiked in recent weeks. The CDS game is still hardly mainstream. But unsustainable borrowing is tarnishing the debt market’s once pristine benchmark.

This content is for Subscribers only


Email a friend

Please complete the form below.

Required fields *


(Separate multiple email addresses with commas)