Investors Seek Safe Havens as Debt-Ceiling Deadline Looms.
TL;DR Summary
The ongoing debt-ceiling fight in the US has led investors to seek out new havens, such as gold and cryptocurrencies, as Treasury bills are no longer seen as a safe option. The US government is expected to run out of money by October 18th if the debt ceiling is not raised, which could lead to a default on its debt.
- Debt-Ceiling Fight Sends Investors Hunting for New Havens The Wall Street Journal
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- Near-Term T-Bill Yields Brush 6% Amid Debt-Ceiling Talks The Wall Street Journal
- As Debt Default X-Date Nears, US Credit Rating Hangs on Faith in Negotiations Bloomberg
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