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It may not indicate that calmer heads are prevailing, but there are signs that House Republicans and Democrats are inching toward a short-term agreement to increase the U.S. debt ceiling and avoid a default.

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Yields on 10-Year Notes Rise on Rumor of Short-Term Debt Ceiling Increase

It may not indicate that calmer heads are prevailing, but there are signs that House Republicans and Democrats are inching toward a short-term agreement to increase the U.S. debt ceiling and avoid a default.

Yields on 10-Year Notes Rise on Rumor of Short-Term Debt Ceiling Increase (Bloomberg)

It may not indicate that calmer heads are prevailing, but there are signs that House Republicans and Democrats are inching toward a short-term agreement to increase the U.S. debt ceiling and avoid a default. Not one to miss out on a chance to move on rumor, Mr. Market responded by pushing yields on 10-year notes to their highest levels in two weeks. And should those rumors turn out to be true, with Republicans and Democrats reaching a deal by the Oct. 17 deadline, we may see those yields go up even higher. That would be a welcome sight.

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Yields on 10-Year Notes Rise on Rumor of Short-Term Debt Ceiling Increase

Yields on 10-Year Notes Rise on Rumor of Short-Term Debt Ceiling Increase (Bloomberg)

It may not indicate that calmer heads are prevailing, but there are signs that House Republicans and Democrats are inching toward a short-term agreement to increase the U.S. debt ceiling and avoid a default. Not one to miss out on a chance to move on rumor, Mr. Market responded by pushing yields on 10-year notes to their highest levels in two weeks. And should those rumors turn out to be true, with Republicans and Democrats reaching a deal by the Oct. 17 deadline, we may see those yields go up even higher. That would be a welcome sight.

Newsletter Signup.

Sign up to the Human Events newsletter

TRENDING NOW:

Jessica Yaniv, Canada transgender waxing case Jessica Yaniv, Canada transgender waxing case

State-Enforced Sexual Assault.

CULTURE

The Left’s Weaponization of Journalism. 

U.S. POLITICS

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