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Wednesday, July 27, 2011

DEBT CEILING: Some Quick Thoughts From Goldman's Head Of US Treasury Trading

DEBT CEILING: Some Quick Thoughts From Goldman's Head Of US Treasury Trading


bonds treasuries
Things are moving really fast on the debt ceiling front, and news that was valid an hour ago is no longer valid.
The latest actual NEWS is that the John Boehner 2.0 plan (revised to be more conservative after an initial Tea Party revolt and bad CBO score) is looking like it's going to pass the House, and get sent to The Senate.
Goldman's Beth Hammock, its head of UST trading, shares these thoughts on a possible downgrade:

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