Debt ceiling deal brings mixed reactions from traders and investors.
TL;DR Summary
Analysts are optimistic that the deal to raise the US debt ceiling will pass a divided Congress, with investors potentially finding a market opportunity. The deal sees the debt ceiling suspended until Jan. 1, 2025, pushing it past the 2024 presidential election. Stephen Pavlick, partner and head of policy at Renaissance Macro Research, suggests investors could look at buying Treasury bonds to lock in some of those higher yields. However, the main worry ahead for investors will be the "tremendous tightening" that the Federal Reserve has done.
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