The debt ceiling crisis is a short-term worry for many investors as a failure to increase or suspend the borrowing limit is expected to cause chaos across financial markets. However, even if a resolution is reached, the barrage of bond sales by the Treasury Department to meet its obligations in the aftermath of a resolution is expected to drain liquidity from the banking system and push up short-term borrowing rates.
The supply is estimated at well over $1 trillion by the end of the third quarter, reported Bloomberg.
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“My bigger concern is that when the debt-limit gets resolved — and I think it will — you are …
