Bonds Bid, Stocks Skid As Debt-Ceiling Doubts Soar

The T-Bill curve is extremely dislocated following Friday’s “worst case scenario” tax receipts data… And the debt ceiling anguish is most clear in the short-dated cost of protection against a technical default by The US – which has soared today to its highest level ever (far above the Great Financial Crisis, debt downgrades, and prior […] Source