Treasury traders brace for volatility with debt-limit chaos near

In a protracted 2013 debt-limit episode, Fitch Ratings put the U.S. rating on negative watch given the governments failure then to raise its borrowing limit as the Treasurys hard deadline neared. In 2011, a split House and Senate took the debt-limit debate down to the wire, prompting S&P Global Ratings to cut Americas sovereign credit grade for the first time.

via Economictimes