Replying to Avatar preston

Imagine owning a CDS for US default and the payout is in Euros đŸ˜ŗđŸ˜ŗđŸ˜ŗđŸ˜ŗđŸ˜ŗđŸ˜ŗâ€Ļ

😂😂😂đŸ¤ŖđŸ¤Ŗ😂đŸ¤ŖđŸ¤ŖđŸ¤Ŗ😂😂😂đŸ¤Ŗ!

What 🤡s!
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Bobby Digital 2y ago

Is actually standard mkt behaviour. Sov CDSs trade in foreign currencies. How I remember it also.

https://bondvigilantes.com/blog/2010/02/sovereign-cds-qa/

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