Scoreboard: Bated breath

US stocks managed to push higher as investors awaited more debt ceiling direction, while US GDP growth slipped slightly.

Markets didn’t seem too enthused about anything last night and the price action itself was mixed. The debt ceiling is still attracting most of the news flow but as yet, punters are just watching and biding their time. Debt markets in particular don’t seem too fussed at all and the US 10-year yield was little changed at 2.65 per cent, which is about 12 bps lower over the week.

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