Treasury Securities and the U.S. Sovereign Credit Default Swap Market.

Format:

Book

Government document

Author/Creator:

Library of Congress. Government Division.

Language:

English

Subjects (All):

Banks and banking.

Credit.

Government securities.

Physical Description:

1 online resource (22 pages, digital, PDF file)

monochrome

Place of Publication:

[Place of publication not identified] : [publisher not identified], 2011.

System Details:

System requirements: PDF reader software.

text file

Summary:

Discusses sovereign default, which occurs when sovereign governments are unable to meet their financial obligations; and provides information on credit default swap (CDS), which is a financial contract in which one party promises to pay another party if a third party defaults. Explains how sovereign CDS market works, pricing of U.S. CDS contracts, what constitutes a credit event, and information and market prices. Compares U.S. CDSs to those in other nations, and addresses debt limit and long term fiscal challenges.

Notes:

Record is based on bibliographic data in ProQuest U.S. Congressional Research Digital Collection (last viewed Jan. 2013). Reuse except for individual research requires license from ProQuest, LLC.

CRS Report.

Other Format:

Microfiche version: Library of Congress. Government Division. Treasury Securities and the U.S. Sovereign Credit Default Swap Market

Access Restriction:

Restricted for use by site license.