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Local News

Eliminate the Debt Ceiling?


A Bend financial advisor says the financial markets are pointing to an 11th hour resolution to the debt ceiling quandary. Troy Reinhart with Northwest Quadrant Wealth Management says despite the dramatic political dialogue, the Stock Market doesn't seem overly concerned: “I think even more telling is that the 10 year treasury is trading at 2.9 yield which is the lowest its been; even during the cataclysmic March of 2009 when we were melting down all over the place. So the Bond Market is saying we are not going to default on the debt.” Monday, credit rating agency Moody's, surprised some and said the United States would be better off if the ceiling was eliminated entirely.

 

 

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