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Debt ceiling talks hit a roadblock, Jupiter says two-year Treasuries are the US’s most dangerous bond, and DeSantis is to unveil a leadership bid in Musk livestream. — Liza Tetley

In another curveball for the market, House speaker Kevin McCarthy left the Capitol late Tuesday saying the two sides had yet to reach a deal over the US debt ceiling, and one of his chief negotiators added there are no more meetings planned. The impasse means it’s likely the House and Senate will both have to vote on any deal next week, mere hours before Treasury Secretary Janet Yellen has said the US could run out of cash. The standoff is weighing on global stocks as investors seek haven assets.