[ConservativeInPA]

Will still put more pressure on banks

I suspect some pressure. The FOMC must be treading lightly on interest rate increases due to so many banks holding crap bonds. The Taylor rule still indicates a need for much higher interest rates.

[Myrddin]

Parties holding longer term treasuries with lower interest rates are going to lose more money selling them. At this point, the bond buyers are going for nothing longer than 30 days to limit exposure to the next rate hike. The longer term bonds aren't selling at all. Given that environment, raising the debt limit will have little effect. There are few buyers and little confidence in even getting the principal back.

[C210N]

The 1/4 point was one thing, and markets continued their sideways motion, but then POW-ell opened his mouth, and the bottom is falling out.

DOW down $250