Sep
03
Bond Market Braces for Final Round of Debt-Limit Fight
By-
Investors continue to shun early October bills in danger zone
-
Lawmakers push back on coupling debt ceiling with Harvey aid
Members of Congress return from summer recess Tuesday with the eyes of bond traders squarely upon them. Among their pressing tasks: increase America’s borrowing authority and prevent an unprecedented default.
Investors have already been shunning Treasury bills that come due in early October, just in case there’s no solution by the Sept. 29 deadline that Treasury Secretary Steven Mnuchin has deemed “critical” for Congress to act. That’s even as he and other members of the Republican leadership have reiterated that they will undoubtedly raise the debt ceiling…
Bond Market Braces for Final Round of Debt-Limit Fight
