U.S. credit default swaps fall as debt ceiling talks progress

U.S. credit default swaps fall as debt ceiling talks progress

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The cost of insuring exposure to U.S. government debt dropped on Friday as U.S. President Joe Biden and top congressional Republican Kevin McCarthy were closing in on a deal that would raise the U.S. debt ceiling. The 6-month credit default swap dropped 13 basis points from Thursday's close to 212…

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