Useful Credit Default Swaps

Credit Default Swaps are insurance on U.S. Treasury bonds and notes and on other global government bonds.

The insurance is in the form of additional cost over the market level. Example: In shaky 2009, the CDS were about 1% over prevailing rates for the five-year Treasury bond.

In practical ways, Credit Default Swaps are actually credit ratings and are useful in any debt emergency.(See the Earl J. Weinreb NewsHole® comments and @BusinesNewshole at Twitter.)