The U.S. Government could not win yesterday in the eyes of the market. If they don’t raise the debt ceiling, then the government will default on their debt.
Tag Archives | Debt Ceiling
Treasuries and mortgage bonds opened higher this morning. The House passed the debt ceiling measure last night, and the Senate will be voting later this afternoon. The deadline for lawmakers to reach a resolution on the debt ceiling is midnight tonight. In economic news, personal spending unexpectedly fell, which is also driving bonds even higher this morning.
Treasuries and mortgage bonds are slightly higher due to the concern that the struggle between the current administration and House Republicans over the debt ceiling is damaging the economy.
Treasuries and mortgage bonds are slightly lower this morning after negotiations over the debt ceiling stalled. The Treasury is scheduled to sell $35 billion of five-year debt today, the second of three auctions this week.
What is the debt ceiling? How does it affect me? These are some questions that you may ask yourself whenever your hear about the national debt and the debt ceiling in the news. Learn about how this affects you and the economy.
The Federal Housing Administration (FHA) could possibly shut down. If this occurs, a valuable source of mortgage credit for homebuyers will no longer be available.
Treasuries ended the day significantly lower yesterday after the economic releases in the morning and after Bernanke warned Congress on the ramifications of the debt ceiling dilemma. Today, Treasuries and mortgage bonds are a bit higher after a report showed that manufacturing in the New York region unexpectedly fell in June.