JPMorgan Chase & Co: the risk of the US debt ceiling to the market "seems to be moderate"

JPMorgan Chase & Co strategist Jay Barry said at an event at the Brookings Institution on Tuesday that the risk posed by the current debt ceiling "seems moderate" because investors seem willing to buy cheaply, given the abundance of capital in the financial system. The current risk is about half of what it was in 2011 and 2013, he said, because it was not seen spreading across the yield curve. Although investors are anxious about a potential default, leading to a rise in Treasury yields, "liquidity is very abundant, and there are other less constrained investors who seem to buy these once prices go down."

新浪美股Oct 6, 2021 22:07