By Charles Rotblut (Guest Post)
Judging by this week’s auctions, the bond markets aren’t too farklemt about the August 2 deadline for raising the debt ceiling. Tuesday’s auction for two-year notes went fairly well and Wednesday’s five-year note and today’s seven-year note auctions drew decent demand. This suggests that bond buyers expect a resolution to be reached. Politicians should not view such results as an excuse to let themselves off of the hook. Presuming a resolution is not reached by the time you read this, the auctions also don’t mean that we’ll able to avoid seeing those debt ceiling…
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