Markets nervous over debt ceiling uncertainty, US yields rise
As for the actual negotiations, “the resumption of debt ceiling negotiations has raised some hopes, despite the distinct risk and blame risks that remain on the cards,” the Mizuho economist said. , Vishnu Varathan.
Markets were cautious on Tuesday as talk of the US debt ceiling offered something for optimists and pessimists alike, leaving European stocks just below last week’s 15-month high and US benchmark yields at their highest. high in two months.
President Joe Biden and House Speaker Kevin McCarthy could not reach an agreement on Monday on how to raise the US government debt ceiling by $31.4 trillion just 10 days before a possible non-payment.
However, both sides stressed the need to avoid default with a bipartisan agreement and said they would continue to talk, leaving investors cautious about large bets either way.
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