Wednesday, 27 July 2011

Investors:


The $1 Billion Armageddon Trade Placed Against The United

States

'Someone dropped a bomb on the bond market Thursday – a $1 billion Armageddon trade betting the United States
will lose its AAA credit rating.

In one moment, an invisible trader placed a single trade that moved the most liquid debt market in the world. The massive trade wasn’t placed in bonds themselves; it was placed in the futures market.'

Read more: Investors: The $1 Billion Armageddon Trade Placed Against The United States