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Should We Be Worried?

Credit default swap spreads for U.S. Treasuries have exceeded those for the Campbell Soup company and Baxter International. Should we panic?
Be that as it may, the differential stands to reason, actually. If the entire economy of the United States implodes, trach tubes and caned goods are going to be at a premium, don't you think?
U.S. Treasury Protection Costs Surpass Campbell Soup on Bailout [Bloomberg]