The probability of a catastrophic US debt default has more than tripled since the start of the year, MSCI says

• Chances of a US debt default have more than tripled since the start of the year, according to MSCI.
• MSCI said trading activity in US government credit default swaps have surged as investors buy insurance on a potentially catastrophic event.
• A split Congress has just a few months to pass a spending bill to avoid the default. 

The chances of a catastrophic US debt default have more than tripled since the start of the year, according to a recent note from MSCI.