/biz/ - Business & Finance

>>54407615
whats the symbol for the ticker?

>>54407777
wasted

>>54407777
checked

it's 1 year us bond default insurance going parabolic.

does this make btc gongo up or down?

>>54407846
I know. I just cant seem to find it on trading view to keep an eye on.

>>54407615
Are these credit default swaps?

What does it mean for cryptographic digital currencies

>>54407615
Retard here, does that mean bonds are failing or insurance is popular?

>>54407846
so people are betting big that the US gov is about to default within 1 year?

>>54408033
Yes

>>54408072
It means a lot of instiutions are insuring 1 year us bonds for default

>>54408121
No, bond holders are insuring their bonds for the posibility of a default since most bond holders are institutions it means they are expecting a default for some reason.

>>54407914
https://www.investing.com/rates-bonds/united-states-cds-1-year-usd-streaming-chart

>>54408122
Has the US ever defaulted before? Seems like a bad bet going against the literal money printer

>>54408235
>Has the US ever defaulted before? Seems like a bad bet going against the literal money printer

No which is why this is weird as fuck, maybe they are affraid of political chimpouts due to the trump thing stoping the debt ceiling debate?

Or maybe the banking problem is even worse than it seems, it's really bizarre because it's a parabolic move upward on insurance for us default.

>>54408121
they're not gonna do it, but you still bet on it and sell the bet as the "debt ceiling" comes closer to being challenged

The US is not going to default.
How the FUCK can I sell insurance on this guaranteed non event?

What are the insurers going to settle the payments in after the US defaults lmao?

>>54408235
They are stuck, so it's default or hyperinflation. Hedging to make sure you're okay no matter which one it ends up being is what institutions do

>>54409415
Yeah I understand the situation, it’s just hard to believe it’s one or the other at this point. Is defaulting the better option? Seems like other countries are about to dump their treasuries, which could end up being a negative feedback loop of inflation. Where does it break? Something has to give

>>54409496
Both scenarios are terrible so it's hard to say which one is the better option. Lagarde was pranked on a zoom call into revealing their strategy of trying to balance on the razors edge and putting out fires with QE while maintaing double digit inflation for a few years. It's a pipe dream but it's the only thing they can do besides admitting defeat and letting it all crumble. Hyperinflation seems to be the most likely outcome but hedging in case of nation states defaulting is necessary too if you are a big institution

>>54407615

>>54409496
>it’s just hard to believe it’s one or the other at this point
they knew it was one or the other
always did

BOND MASSACRE TWO POINT OH.

Dam that's bullish!!!