The Washington Post

The debt ceiling standoff in one chart

Via Bloomberg's Nicholas Johnston, above is a chart that sums up the last 10 days of the debt ceiling standoff. This is the interest rate prevailing in markets for U.S. Treasury bills maturing on Oct. 17--that is to say, tomorrow.

By the middle of last week, investors were shedding these bills, fearful that the debt ceiling would not be raised in time and they might not be repaid paid promptly. That fear peaked on Oct. 10, last Thursday. It eased over the weekend, and then those fears collapsed today as the path forward on the debt ceiling became clearer and the chance that the government won't be able to roll over maturing bills dissipated.

So, America wins, I guess?

Show Comments

To keep reading, please enter your email address.

You’ll also receive from The Washington Post:
  • A free 6-week digital subscription
  • Our daily newsletter in your inbox

Please enter a valid email address

I have read and agree to the Terms of Service and Privacy Policy.

Please indicate agreement.

Thank you.

Check your inbox. We’ve sent an email explaining how to set up an account and activate your free digital subscription.