Credit default swaps on US Treasury debt have widened to 100 bo, CNBC’s Rick Santelloi reports. As noted earlier, Germany hit record levels today as well, a few pips cheaper at 94 bp. A massive increase in government obligations across the developed world is spooking investors, ans some are litterally hedging their bets,
EUR/USD trades at session lows of 1.2703 amid risk aversion and selling by insttitutional investors, dealers report. Liquidity is quite this, traders report.
