Serving the Quantitative Finance Community
Sovereign CDS
Can someone give some detail on the structure of Sovereign CDS.In particular why would anyone buy CDS on US Debt?
Sovereign CDS
it is conceivable that the US government could default on its debt even in local currency. also, it may defualt on any foreign currency obligations. however, i think this is a case of where the insurance policy may not be worth anything as you may not be able to collect when we are all living in caves.
Last edited by daveangel on November 12th, 2009, 11:00 pm, edited 1 time in total.
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