Cost of insuring vs US default increases before vote on debt ceiling bill

CalendarMay 31, 2023
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"With concerted opposition emerging among the ultraconservative Republican Freedom Caucus and some on the far left of the Democratic Party, more moderate representatives are likely to form a makeshift cross-aisle coalition in order to advance the measure to the Senate and avoid a default by June 5," Karl Schamotta, chief market strategist at Corpay in Toronto, wrote in a research note. Read the Reuters article here.

Author

Karl Schamotta

Karl Schamotta

Chief Market Strategist

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