US sovereign credit default swaps are soaring ahead of debt-ceiling showdown. Is this just hedging or are things about to get interesting?

by OkIncident5269

I’d hazard a guess that it’s hedging. There is wayyy to much money on the line if the USA has a sovereign debt crisis. As much of a bear as I am, there is no way they would let this happen.

Although, considering this administration’s track record, I could be wrong….