Markets bet against debt default

By hhei on July 13, 2011 11:51 AM | No Comments | No TrackBacks

If the government doesn't raise its debt ceiling so it can borrow more, the U.S. will default on loan payments for the first time in its history. One of the first signs that Wall Street thinks that won't happen will be increased premium rates for credit default swaps said V.V. Chari in a Star Tribune article.

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