The nervous period
A muted market reaction to the debt ceiling deal, even though its assumed it will get passed. NAB’s Tapas Strickland says the biggest impact will be what follows, as the administration plays catch-up on the issuance of Treasury Bills.
NAB Morning Call · NAB - The Morning Call
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Show Notes
Tuesday 30th May 2023
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The timetable to sign off the agreement to raise the US debt ceiling is very tight. Does it matter if it’s a day or two late? "Not really", says NAB’s Tapas Strickland in today’s podcast, although it might make the markets nervous for a while. A bigger question is what happens beyond that, as the administration plays catch-up on the issuance of Treasury Bills. Also today, we look at the impact of the Fair Work Commission’s decision on minimum and award wages. At what point does the increase become problematic for the RBA?
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