Debt ceiling deal reached, but stock market remains cautious.
TL;DR Summary
Following the US government's agreement to raise the debt ceiling, there has been a surge in demand for Treasury bills, leading to a deluge of T-bills in the market. This has caused the yield on the T-bill to drop, resulting in a decline in short-term borrowing costs for the US government.
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- What's In the Biden, McCarthy Debt Ceiling Agreement Investopedia
- Don’t expect the stock markets to rejoice about the debt ceiling deal CNN
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