How Innocuous Is a Treasury Default?
May 31, 2011 at 16:10 PM EDT
Steven Englander, Global Head of G-10 FX strategy for Citi is not very sanguine about a Treasury default, especially as it pertains to foreign holders of Treasurys. From an email today (not online): We argue below that the impact of a debt ceiling breach may be larger and more permanent on the dollar than on [...]
