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

Contained In:

ProQuest U.S. Congressional Research Digital Collection

Place of Publication:

[United States] [publisher not identified] 2011

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:

CRS Report

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

Vendor supplied data

Other Format:

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

Publisher Number:

CRS-2011-GVF-0480

Access Restriction:

Restricted for use by site license