re: What Actually Happens Oct. 17th

quote:

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I agree that Obama would use his executive authority at some point - but before it got that bad, Treasuries will have already had to have taken a big hit.

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That's a hefty assumption. During the previous debt ceiling negotiations and rating downgrade, Treasuries rallied. Making assumptions on the Treasury market in general and positioning portfolio accordingly during these negotiations is a quick way to lose a lot of money.