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New Yes, but..
they are buying "protection". With apologies to cat lovers. "There's more than one way to skin a cat." :)

http://www.bloomberg...-gets-closer.html
Trading of credit-default swaps insuring U.S. Treasuries soared almost 80 percent as the deadline nears for plans to cut the nation’s budget deficit and raise the $14.3 trillion debt limit to avoid default.

[typo]

Alex
Expand Edited by a6l6e6x Sept. 28, 2013, 12:50:21 PM EDT
New Ah. CDSes. Those beautiful ponies. :-(
     US bond market weirdness. - (Another Scott) - (2)
         Yes, but.. - (a6l6e6x) - (1)
             Ah. CDSes. Those beautiful ponies. :-( -NT - (Another Scott)

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