As US Debt-Ceiling Debacle Looms, Goldman Warns Of Stock & Bond Yield Declines, Dollar Bid

US Sovereign credit risk protection has never cost so much as it currently does… Source: Bloomberg …but Goldman Sachs’ Dominic Wilson believes that systemic risk threat is overdone: We think the risks from a debt ceiling crisis are more likely to present as a large but temporary shock to US growth expectations, as non-interest payments […] Source