CDS Datapoint of the Day
Posted on September 28th, 2008 by beetlbumjl Tags: CDS, McDonald's, Treasury BondsVia Yahoo Business:
From Paul Davies:
One broker quoted McDonald’s CDS at about 26.5 basis points, compared with 30bp for the US, on Friday morning.
Yes, the cost of protecting US Treasury bonds against default has now reached 30bp — higher than McDonald’s. Is there some way on a blog I can do that thing that Jon Stewart does where he madly pretends to rub his eyes with his fists?
I eagerly await our new McFlurry currency.
One Response to “CDS Datapoint of the Day”
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September 28th, 2008 at 12:00 pm
See, I told you we were going to have a calorie based currency. This is why I like to eat so much, I’m storing up the fat for the financial crisis. I’m rich bitches.