The spread on one-year credit default swaps widened to an all-time high on Wednesday amid continued worry over Washington’s impasse on the U.S. debt ceiling. That spread widened to 175 basis points from Tuesday’s closing level of 163 basis points, according to S&P Global Market Intelligence. The one-year U.S.
CDS spread is now wider than that of Mexico, Greece and Brazil — which were 34 basis points, 44 basis points, and 56 basis points respectively as of Wednesday. The moves come a day after House Speaker Kevin McCarthy said he saw no “new movement” toward ending the standoff on the debt ceiling. Stocks were mixed in...
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Stock market today: Global shares decline ahead of reportsGlobal shares mostly fell Tuesday as investors took a wait-and-see view on the week ahead, including stubbornly high inflation across the economy.
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BTC Dips Below $28K, While LDO, BCH Defy Market Sentiment With 7% Jumps (Market Watch)Lido DAO (LDO) and Bitcoin Cash (BCH) are the two exceptions from the top 50 altcoins with notable gains.
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Meme Token PEPE Plunges Below $1 Billion Mark Amidst Market Decline – Market Updates Bitcoin NewsThe meme coin PEPE reached an all-time price high on May 5, 2023, but it has since plunged over 50% from that position.
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