U.S. Default? Unlikely, But Bond Traders Are Taking No Chances
- T-bill rates jump even as Republican lawmakers give assurances
- Ideological divide, Trump’s unpredictability shake confidence
Manulife Asset Management Chief Economist Megan Greene discusses the debate over the debt ceiling and a potential government shutdown. She speaks on “What’d You Miss?” (Source: Bloomberg)
This article is for subscribers only.
In many ways, the thought that the United States of America would default is utterly preposterous.
The nation has never repudiated its debt. The full faith and credit of the federal government has been a cornerstone of U.S. policy since the days of Alexander Hamilton. And no one really questions America’s ability to pay.