 |
February 26, 2019, 06:55:24 AM |
|
The debt ceiling that will expire on March 1 is also imminent. If Congress fails to agree on raising the debt ceiling, the United States may default on some of its debts.
Treasury bonds have always been regarded as the safest and most liquid financial assets in the world. The rise in bond yields caused by the sell-off will have a huge impact on the United States and even the global market. The U.S. government has just experienced the longest suspension in history. After the Republican Party handed over the majority of the House of Representatives to the Democratic Party in the mid-term elections last year, the differences between the two parties on the debt ceiling are equally clear, and negotiations are likely to fall into a protracted war.
|