Comments on: News from around the web: 2009-11-23 http://www.creditwritedowns.com/2009/11/news-from-around-the-web-2009-11-23.html Finance, Economics and Markets Fri, 10 Feb 2012 00:37:00 +0000 hourly 1 By: rjs http://www.creditwritedowns.com/2009/11/news-from-around-the-web-2009-11-23.html#comment-57659 rjs Mon, 23 Nov 2009 21:55:00 +0000 http://www.creditwritedowns.com/2009/11/news-from-around-the-web-2009-11-23.html#comment-57659 ed; off the links topic, but weve been throwing this around without a answer: (from yahoo finance) "5-year credit default swaps on U.S. soverign debt currently trade for about 25 basis points (which means it costs $25K per $10M of notional value). How does that compare to other countries or states? Japan = 72 bps; United Kingdom = 56 bps; Germany = 21 bps; California = 177 bps; New York = 85 bps" can someone explain to me what those CDS's will be paid off in if the Treasury should default? if you can explain that, it would be appreciated.. ed; off the links topic, but weve been throwing this around without a answer: (from yahoo finance)

“5-year credit default swaps on U.S. soverign debt currently trade for about 25 basis points (which means it costs $25K per $10M of notional value). How does that compare to other countries or states? Japan = 72 bps; United Kingdom = 56 bps; Germany = 21 bps; California = 177 bps; New York = 85 bps”

can someone explain to me what those CDS’s will be paid off in if the Treasury should default?

if you can explain that, it would be appreciated..

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