Why would anyone buy credit default swaps on the U.S

Tom McKay
Tom McKay Livewire

Why would anyone buy credit default swaps on the U.S. government? If the U.S. ever defaulted it would be because the world ended, so no one would be around to pay you on your CDS, is a thing that people more or less used to say and yet, U.S. CDS has ticked up a bit over the last few days... (VIEW LINK)

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