There is a tentative report/rumor that Boehner told Republicans they would extend the debt ceiling until November 22nd. It doesn’t sound like this will include anything about a continuing resolution to re-open the government. Rather, they’re looking for ‘broader talks’ on the budget.
If I had to lean out, I’d say that this is it. All the good news is priced in now. The risk is that the market turns on the short-term nature of the hike, combined with the lack of progress on the government shutdown.There are still lots of balls in the air. There is no confirmation of anything and Reuters is reporting a second senior Republican saying there is “a lot of concern from members from all sides” about a short-term debt hike.
If I had to lean out, I’d say that this is it. All the good news is priced in now. The risk is that the market turns on the short-term nature of the hike, combined with the lack of progress on the government shutdown.There are still lots of balls in the air. There is no confirmation of anything and Reuters is reporting a second senior Republican saying there is “a lot of concern from members from all sides” about a short-term debt hike.