Don’t buy any debt deal relief rally

July 28, 2011

James Saft is a Reuters columnist. The opinions expressed are his own.

HUNTSVILLE, Ala. — If history is any guide, we will soon see a deal to lift the debt ceiling, followed by yet another cockamamie relief rally.

The death of the Treasury benchmark

July 26, 2011

James Saft is a Reuters columnist. The opinions expressed are his own.

A U.S. default or debt downgrade may set off market fireworks but the longer-term effects of the death of Treasury bonds as a universal benchmark of risk may ultimately be more significant.