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Default Risk - You Can Run But You Can't Hide

By Tyler Durden
Created 10/15/2013 - 09:19
Tyler Durden's picture [1]
Submitted by Tyler Durden [1] on 10/15/2013 09:19 -0500



 

The market is rapidly adjusting from imminent default to pricing in the risk of a debt ceiling debacle in February. 10/17 Bills are unchanged, Oct/Nov Bills are improving, but Feb 2014 Bills are now slamming higher in yield +5bps to 9bps for now... How much longer can the powers that be keep the ever inflating balloon under water?

 

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Source URL: http://www.zerohedge.com/news/2013-10-15/default-risk-you-can-run-you-cant-hide

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[4] http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2013/10/20131015_bills.jpg