[meyer]

Looks like the markets are calling Obambi’s bluff...

[Mountain Troll]

Not even that. The market is sending a message, and the message is:

“Whatever”.

[RummyChick]

Unfortunately ,it looks like Demint may cave.

Email and tweet him...that Reid Mcconnell compromise is going to be bad

http://www.washingtonpost.com/politics/senate-headed-for-critical-debt-vote-sunday/2011/07/28/gIQAplhMiI_story.html?hpid=z1

[cynwoody]

Looks like the markets are calling Obambi’s bluff...

The market for US debt is viewing the political crisis with remarkable equanimity. If the market thought the US was going to default, rates would be skyrocketing. Instead, they are generally lower than a year ago. This reflects people moving into cash because they think others' fear about the debt crisis will cause equities to tank.

From Bankrate.com:

	This week	Month ago	Year ago
One-Year Treasury Constant Maturity	0.18	0.17	0.27
91-day T-bill auction avg disc rate	0.060	0.025	0.150
182-day T-bill auction avg disc rate	0.100	0.095	0.200
Two-Year Treasury Constant Maturity	0.39	0.37	0.60
Five-Year Treasury Constant Maturity	1.50	1.52	1.71
Ten-Year Treasury Constant Maturity	2.97	2.96	3.02
One-Year CMT (Monthly)	0.18	0.19	0.32
One-Year MTA	0.252	0.263	0.386