Maybe the stock market is waiting for CDS to hit 69. Until then everything is just going to be fine.

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by DesmondMilesDant

The United States 5 Years Sovereign CDS is currently at 63.44, which is close to its all-time high of 63.44 set on 2 May 2023. The current yield on the CDS is 8.20%, which is down from its recent peak of 10% in early March 2021.