A default is, once more, a distant risk. However its potential impression is so big, even that slim likelihood is already being mirrored in markets. The yield on 10-year and 30-year U.S. Treasury bonds is already inching up, reflecting elevated threat of holding them. The Dow Jones Industrial Common and bitcoin have each limped downwards over the previous two weeks, although different uncertainties out there make it arduous to attach these strikes on to the debt showdown.
