The cost of buying a 5 year credit default swap (CDS) to insure against the possible default of US Treasuries has risen to 100 basis points for the first time.
In other words, the price to insure $10,000,000 of US treasuries has risen to $100,000…that’s up from $5,000 last year.
The corresponding cost to insure a similar offering from IBM, Microsoft, or other AAA rated companies is less. So, the CDS is implying that the US government is more likely to default than Microsoft or many other companies.
*This is not an offer to lend. 
Obama Refinance Plan For San Jose Homeowners AnnouncedHome Affordable Refinance Program Update Harp 2 Bay Area San Francisco California March 2012 Guidelines for Purchasing a 3 to 4 Unit Property with FHA Financing in Alameda, CA8 Year Fixed to 30 Year Fixed. You Can Choose Your Loan Term In San Jose
