U.S. Treasury rates surge over debt speculation

10/9/2013 | Bloomberg

Effects of the U.S. debt-limit impasse were felt in the bond, metals, oil and money markets for a second day Wednesday, as rates on U.S. Treasury bills due on Oct, 17 soared 21 basis points after a 14-point advance Tuesday. Looking ahead, "the government shutdown and the debt ceiling will continue to drive the near-term volatility," said Russell Croft of Croft-Leominster in Baltimore.

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