Debt Ceiling Debacle Threatening Fireworks in Money Market.

DEBT; TREASURY bills; INTEREST rates; MONEY market; FIREWORKS; DEBT management; REPURCHASE agreements; INVOICES

While the back-and-forth over the debt ceiling is a familiar Washington game, in the past debt traders could see the trajectory of Treasury's cash pile. Keywords: 0230417Z; ALLTOP; BON; BUSINESS; COS; EXE; FRX; GEN; GLOBALMACR; GOV; MARKETS; NORTHAM; US; WORLD; WWTOP; WWTOPAS EN 0230417Z ALLTOP BON BUSINESS COS EXE FRX GEN GLOBALMACR GOV MARKETS NORTHAM US WORLD WWTOP WWTOPAS The imminent return of the U.S. debt ceiling is causing angst for money-market traders once again. Downward pressure on rates is likely to continue given the abundant cash in the system from the Fed's asset purchases, any further declines in the TGA and bill sale cuts. [Extracted from the article]

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