Debt ceiling worries bubble up in US stock options market

“It’s something that is definitely getting increasing attention,” said Alex Kosoglyadov, managing director of equity derivatives at Nomura.

Meanwhile, the volatility term structure – a curve showing the change in expectation for future stock market gyrations – shows the July futures for the Cboe Volatility Index , often called “Wall Street’s fear gauge”, trading 1.2 points higher than June, the largest gap of any two months between June and December.

U.S. Treasury Secretary Janet Yellen on Tuesday warned that failure by Congress to raise the government’s debt ceiling – and the resulting default – would trigger an “economic catastrophe” that would send interest rates higher for years to come.Legislative standoffs over debt limits this last decade have largely been resolved before they could ripple out into markets. That has not always been the case: A protracted standoff in 2011 prompted Standard & Poor’s to downgrade the U.S.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Nasdaq underperforms on worries about tech earnings aheadThe Nasdaq closed lower, underperforming the S&P 500 and the Dow, with pressure from high-profile megacaps as investors awaited results from companies including Microsoft while Tesla shares fell on concerns about its spending plans. | Reuters
Source: inquirerdotnet - 🏆 3. / 86 Read more »

ACEN plans to raise P30 billion from debt marketACEN Corp., the power generation arm of Ayala Corp., plans to tap the debt market to raise P30 billion to partly finance 2023 capital expenditures.
Source: MlaStandard - 🏆 20. / 55 Read more »