US Debt Deal Boosts Asian Stocks Amid Lingering Risks
TL;DR Summary
Asian stocks rose on Tuesday as investors welcomed the US debt deal, which suspended the debt ceiling until January 2025 in exchange for caps on spending and cuts in government programs. However, investors say markets are not out of the woods yet, as there is still a huge disconnect between bond markets and equities. Longer-dated US Treasuries rallied on Tuesday as bond traders welcomed the deal to suspend Washington's borrowing limit. The deal now heads to Congress for approval, and JB Were analysts said there could be up to $600 billion worth of bill issuance in the next six to eight weeks.
- Asian stocks mostly higher as US debt deal revives confidence Reuters
- Debt deal welcomed by investors, though risks loom ZAWYA
- Traders turn optimistic on debt ceiling deal — and one strategist says it's a 'market opportunity' CNBC
- Gold: Debt-Ceiling Deal Is Done - Here's Why A Recession And Stock-Market Drop May Follow Seeking Alpha
- US debt agreement reached in principle, but will it pass on Wed? FXStreet
Reading Insights
Total Reads
0
Unique Readers
0
Time Saved
2 min
vs 3 min read
Condensed
82%
564 → 102 words
Want the full story? Read the original article
Read on Reuters