US: Rise in market bets on default risk as insurance cost jumps | WION Pulse
Edited By WION Video Desk
Published: May 11, 2023, 19:40 IST | Updated: May 11, 2023, 19:40 IST
Will the US default on its debt, well, the financial markets bet that the risk of a default has risen. A market measure called Credit Default Swap or CDS is used to understand investors thinking on a country's ability to repay its debt.
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