CDS Datapoint of the Day

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Market Movers

by Ryan Avent

Main

What Was Paulson Begging For? How to Get the House Republicans On ...

Sep 26 2008 8:40AM EDT

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?

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