The solution to the raising the U.S. debt ceiling is not going to be a cake walk
Short-term T-bills maturing between June 6th through 15th are currently yielding 5.997%, an indication of the angst regarding whether a debt ceiling resolution can be reached on time before threatening a government default of its financial obligations. The uncertainty regarding the negotiations has moved the one-year T-bill with an issue date of June 2022 maturing on June 15 to a yield of 6.141%.
The financial backdrop created by the uncertainty of a resolution in passing legislation to either suspend or raise the debt limit by the first or second week of June has strengthened the dollar and pushed away the chance for any upside moves in gold.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Kitco daily macro-economic/business digest - May 22
Read more »
Kitco daily macro-economic/business digest - May 23
Read more »
Kitco News at the Bitcoin Conference in Miami 🌴#shortsBringing you the latest from the Bitcoin Conference in Miami 🌴shorts In-depth Bitcoin 2023 interviews coming soon! Stay tuned - https://www.youtube.com/kitco
Read more »
Debt-ceiling talks between Biden and McCarthy to resume at 5:30 EDTExclusive to Kitco News, technical analyst Gary Wagner provides a daily recap of what happened in the gold market, highlighting important events that captured investors' attention during the U.S. trading session. Wagner's commentary features a mix of fundamental news and technical analysis, noting important support and resistance levels.
Read more »
$8.4 million mansion for sale on one of Mississauga's most exclusive streetsLocated on one of Mississauga's most expensive streets, this sprawling family home at 2438 Doulton Drive is nestled right along the Credit River in...
Read more »
Newcrest's Cadia gold mine faces fresh probe for dust pollutionKitco News collects and features the top financial, economic and geopolitical news from around the world. Kitco's aggregated sources include some of the top newswires in the world including the Association Press, Canadian Press, Japanese Economic Newswire, and United Press International.
Read more »