US Debt Ceiling Crisis Sparks Market Volatility and Recession Fears
TL;DR Summary
Despite the US being at risk of defaulting on its debt as soon as June 1, there are few signs of panic among stock-market investors. Expectations for price swings in stocks most sensitive to a government default still hover near a two-year low, and the Cboe Volatility Index, or VIX, dipped back to near a 17 level.
- Stock Traders Are Nonchalant About US Being on Cusp of Default Bloomberg
- Epicenter of market's debt-ceiling worries shifts to doubts on a resolution MarketWatch
- Recession Probability At 40-Year High, Treasury Yield Curve Goes Wild Amid Debt Ceiling Crisis - iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) Benzinga
- Treasury Has Just $88 Billion of Measures Left to Avoid Debt Cap Bloomberg
- 2-month T-bill rate jumps to almost 4.8%, reversing part of Thursday’s decline, in volatile trading MarketWatch
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