Harvey, The Debt Ceiling, And Why It Might Be Time To Fade The Pessimism

If you were following along last week, you know that more than a few commentators believe rates and the dollar have simply priced in too much pessimism around the U.S. economy and the fiscal outlook. No, the incoming data hasn't exactly been what one might call "gangbusters" and the prospects for tax reform and fiscal stimulus seem to dim every time Trump opens his Twitter app or decides to deviate from the teleprompter, but with yields near YTD lows, the dollar struggling to get any kind of t