While every establishment politician and mainstream media pundit has proclaimed the end of the world as we know it if Donald Trump were to win next week, it appears – perhaps throwing off the narrative of exactly who is the “most dangerous” candidate – that the risk of the US Dollar has dropped along with Trump’s resurgence…
Chart: Bloomberg
Of course, there is plenty of noise and illiquidity in that sovereign CDS contract as it combines default and devaluation risk of the US Dollar, but it appears the risk premium associated with buying protection on the USA has fallen notably as Donald Trump gains on Hillary Clinton.
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