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The struggle in Congress to fund the federal government and raise the U.S. debt-ceiling is impacting the nearly $21 trillion Treasury market in two different ways. The broader U.S. government-bond market — focused on maturities from one year and out — is essentially nonplussed by what it sees as Congressional theatrics, even as Washington teeters closer to a possible government shutdown at midnight Thursday if government funding is not approved and a possible default if the nation’s debt limit is not raised in the next three weeks, analysts say.
...read full article on Market Watch
