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Debt Ceiling Negotiations

All articles tagged with #debt ceiling negotiations

finance2 years ago

Debt ceiling talks impact Treasury yields, stocks, and market volatility.

U.S. Treasury yields rose as investors assessed the state of the economy amid ongoing debt ceiling negotiations and uncertainty about the interest rate outlook. The 10-year Treasury yield was up by over 4 basis points at 3.763%, while the 2-year Treasury was trading over 7 basis points higher at 4.419%. Fitch Ratings placed the U.S.' AAA rating on negative watch due to the ongoing debt ceiling debate, while the Federal Reserve's latest meeting minutes indicated officials are split on how to progress interest rate policy.

via CNBC|
#debt-ceiling-negotiations#federal-reserve#finance
finance2 years ago

U.S. Treasury Yields Reach New Highs in March

The yield on the 2-year and 10-year U.S Treasury notes briefly traded near their highest levels since March as investors pondered the economic outlook as debt ceiling negotiations pressed on. Unless a resolution is struck, the U.S. risks defaulting on its debt as soon as June 1, according to Treasury Secretary Janet Yellen reiterated Monday. Uncertainty about the Fed's next interest rate moves persisted Tuesday.

via CNBC|
#debt-ceiling-negotiations#default-risk#economy
finance2 years ago

Investors on edge as debt ceiling uncertainty weighs on Wall Street and global markets.

Stock futures for Dow Jones, S&P 500, and Nasdaq 100 dipped slightly on Sunday evening as traders monitored the negotiations over the U.S. debt ceiling. President Joe Biden and House Speaker Kevin McCarthy are set to meet on Monday to continue negotiations. Treasury Secretary Janet Yellen has warned that the U.S. could default on its debt as early as June 1. Despite the uncertainty, the market has continued to rise, led by tech stocks. Bank of America strategist Savita Subramanian hiked her year-end target for the S&P 500 to 4,300 from 4,000, saying that stocks were not overvalued. The upcoming week has a relatively light slate of economic data, highlighted by a second reading for first-quarter GDP on Thursday and the personal consumption expenditures inflation gauge on Friday.

via CNBC|
#biden#debt-ceiling-negotiations#earnings-season
finance2 years ago

Wall Street Eyes Debt Ceiling Negotiations as Stock Futures Rise

Stock futures are slightly higher as investors await news on the U.S. debt ceiling negotiations. The Dow led the major indexes down with a 1% drop in Tuesday's regular session. Treasury Secretary Janet Yellen reiterated her warning that the government needs to raise the limit immediately as the country faces the possibility of defaulting as early as June 1. In addition to tracking any updates on debt ceiling negotiations, investors will watch for data on housing starts and building permits on Wednesday. Western Alliance and Keysight shares rose in after-hours trading, while Doximity slid after issuing weak guidance for the current quarter.

via CNBC|
#debt-ceiling-negotiations#doximity#finance
politics2 years ago

Biden's overseas trip under scrutiny amidst debt limit negotiations and Hiroshima visit.

President Joe Biden will attend the G-7 summit in Japan but is "reevaluating" the rest of his trip, which includes visits to Papua New Guinea and Australia, amid ongoing debt ceiling negotiations with congressional Republicans. The stops in Australia and Papua New Guinea were meant to affirm the U.S. commitment to the Pacific as China's influence in the region rises. The White House has not yet announced any cancellations or modifications to the trip.

via POLITICO|
#australia#debt-ceiling-negotiations#g-7-summit
finance2 years ago

Debt ceiling negotiations and economic data dominate stock market news.

US stock futures were little changed on Monday evening as investors await progress on a deal to raise the debt ceiling before June 1. Treasury Secretary Janet Yellen warned that the US could default on its debt obligations as early as June 1 if a deal isn't reached between the White House and Congress. President Joe Biden has maintained that raising the debt ceiling is non-negotiable, while House Speaker Kevin McCarthy has pushed for talks to broker a deal to raise the debt ceiling be tied to spending cuts.

via CNBC|
#biden-administration#congressional-leaders#debt-ceiling-negotiations
finance2 years ago

European Stocks Poised for Recovery Despite Mixed Market Signals

Stock futures were higher ahead of Friday trading, with the Nasdaq Composite on pace for gains just under 1% while the Dow Jones Industrial Average is off more than 1% through the week's first four trading sessions. Investors will continue to closely track updates on the ongoing debt ceiling negotiations, with a key meeting between President Joe Biden and House Speaker Kevin McCarthy postponed until next week. Tesla stock was up about 2% in pre-market trade on Friday after Elon Musk announced he had hired a new CEO to run Twitter. JPMorgan CEO Jamie Dimon said a US default would be "potentially catastrophic."

via Yahoo Finance|
#debt-ceiling-negotiations#finance#stock-futures