US Debt Default Looms: Impact and Avoidance Strategies.

The US Treasury market is pricing in the possibility of a US debt default in July, with the difference in yields between US Treasury bills maturing in May and July hitting a record 1.49%. The market is being heard in short-term Treasury bills and their current yields, with investors seeking a higher rate of return for the risk they're taking on by buying Treasury securities that are scheduled to mature during the summer months that a debt default could happen. The outlook gets more precarious into June, July, and especially August unless Congress quickly acts to raise the debt ceiling limit.