Global Markets React to US Debt-Deal Push and Doubts
TL;DR
Treasuries and US stock futures rose on hopes that Congress will pass a debt accord to head off a default as White House and Republican congressional leaders stepped up lobbying in support of the deal. Assuming Congress approves the debt deal, the Treasury Department may sell more than $1 trillion of bills through the end of the third quarter to bolster its cash balances, according to some estimates, depriving other markets of liquidity needed to maintain gains.
- Bonds, US Futures Rise as Debt-Deal Push Ramps Up: Markets Wrap Yahoo Finance
- Asian Markets Mixed Ahead Of U.S Debt Ceiling Vote, D-Street To Open In The Green | Power Breakfast CNBC-TV18
- Global market cheers for US debt ceiling deal fade CNN
- Treasury Bills Climb as Traders Bet Congress Will Pass Debt Deal Yahoo News
- European stocks steady as defensives rise amid US debt deal doubts Reuters
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