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...
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
How Chile is shaping the global market for lithium, a vital component of EV batteriesChile has vast lithium reserves, and the recent release of the country's state-led national lithium policy is ushering in a new era for the industry.
Source: CNBC - 🏆 12. / 72 Read more »
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.
Source: wjxt4 - 🏆 246. / 63 Read more »
Cannes Film Market Launches Investors Circle Initiative – Global BulletnMARKET The Cannes Film Market has launched Cannes Investors Circle, which will commence with a keynote introduction by Liesl Copland, Participant’s executive VP, content and platform strategy…
Source: Variety - 🏆 108. / 63 Read more »
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.
Source: Crypto_Potato - 🏆 568. / 51 Read more »
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.
Source: BTCTN - 🏆 531. / 51 Read more »