The Craziest Thing About the Debt Ceiling Drama Is What It Means for Bonds_老虎社区_美港股上老虎

The Craziest Thing About the Debt Ceiling Drama Is What It Means for Bonds

Bloomberg2021-09-13

You know the old James Carville quote about the bond market. It’s a truism in markets that when things get bad enough, investors will reach for the safety of U.S. government debt — even when the ...

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Fungicide
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Rainingal
·2021-09-13
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ahleemama
·2021-09-13
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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe Craziest Thing About the Debt Ceiling Drama Is What It Means for Bonds\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-13 20:45 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-09-13/the-craziest-thing-about-the-debt-ceiling-drama-is-what-it-means-for-bonds?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>You know the old James Carville quote about the bond market.\nIt’s a truism in markets that when things get bad enough, investors will reach for the safety of U.S. government debt — even when the ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-09-13/the-craziest-thing-about-the-debt-ceiling-drama-is-what-it-means-for-bonds?srnd=markets-vp\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":".SPX","symbol_name":"S&P 500 Index","start_time":0,"source_url":"https://www.bloomberg.com/news/articles/2021-09-13/the-craziest-thing-about-the-debt-ceiling-drama-is-what-it-means-for-bonds?srnd=markets-vp","article_id":"1116427664","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1116427664","pubTimestamp":1631537115,"columns":[],"sourceInfo":{"source_id":"lsy1584095487587","name":"Bloomberg"},"weMediaInfo":null,"summary":"You know the old James Carville quote about the bond market.\nIt’s a truism in markets that when thin","collect":0,"end_time":0,"defaultTopTitle":"bloomberg.com","property":[],"viewcount":null,"language":"en","relate_stocks":{".SPX":"S&P 500 Index",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"translate_title":"债务上限最疯狂的事情是它对债券意味着什么","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{".DJI":0.9,".IXIC":0.9,".SPX":0.9,"ZBmain":0.9,"ZNmain":0.9},"content_text":"You know the old James Carville quote about the bond market.\nIt’s a truism in markets that when things get bad enough, investors will reach for the safety of U.S. government debt — even when the proximate cause of the market’s concern is the U.S. government itself.\nThat’s a point worth remembering as America hurtles towards another debt ceiling deadline showdown, with Treasury Secretary Janet Yellen warning last week that her department will probably reach the federal borrowing limit sometime in October.\nWhile the brinkmanship is already starting to impact yields on shorter-maturity T-bills, with investors asking for more compensation to hold the bonds, there’s no guarantee that a debt ceiling drama will have a similar effect on longer-term U.S. Treasuries.\nAs JPMorgan points out in research published over the weekend, yields on benchmark U.S. government bonds have actually fallen for three out of the past five debt ceiling showdowns thanks to the safe haven bid. 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