Failure to raise debt ceiling can harm the economy. Democrats and Republicans have been contentious.
The global bond market is estimated to be around $128 trillion USD in size, comprising various debt securities issued by governments, corporations, and other entities. It remains an important source of financing for governments and corporations, playing a crucial role in the global economy.
S&P 500 and Dow 30 had another pullback after the sharp increase of 10-YR bond yield.
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