This is very interesting. Did CNBC get direction to stop sharing this information following Yellen's impromptu meeting Friday??
Credit Default Swaps (CDS) act like insurance for loans, protecting investors or financial institutions from a borrower's potential default. The CDS buyer pays a fee to the CDS seller, who agrees to cover losses if the borrower can't repay their debt.
A rapidly rising price of a company's CDS signals that the market perceives increased risk of default. Higher CDS prices can indicate concerns about a company's financial health, industry trends, or economic conditions.
Read more about CDSs.
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