"Market Volatility Increases as Debt Ceiling Standoff Continues"
Investors are turning to short-term government debt ETFs and money market funds to protect their money from the risk of a US default due to political wrestling over the extension of the debt ceiling. Investors are also buying ETFs that own less volatile stocks and sectors that tend to be stable during economic uncertainty. High-risk bonds issued by financially shaky companies are being avoided. Despite the risk of default increasing, investors expect a debt ceiling deal to occur and want to protect against market volatility.
