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US Debt Ceiling Stalemate Remains Firmly in Place

The US debt ceiling stalemate remains firmly in place with US Treasury Secretary Yellenโ€™s warnings proving futile for the moment. Apart from the US T-Bill and CDS market, the overall market impact remains low even as weโ€™re only a fortnight away from the assumed โ€œX-dateโ€. Previous debt ceiling episodes learnt that a solution will eventually follow. Todayโ€™s eco calendar is extremely thin with only US housing starts and building permits.
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