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A default is, once more, a distant chance. However its potential impression is so enormous, even that slim probability is already being mirrored in markets. The yield on 10-year and 30-year U.S. Treasury bonds is already inching up, reflecting elevated danger of holding them. The Dow Jones Industrial Common and bitcoin have each limped downwards over the previous two weeks, although different uncertainties available in the market make it exhausting to attach these strikes on to the debt showdown.
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