WSJ: Wall Street’s Playbook to Prevent Debt-Ceiling Chaos

Wall Street is implementing its contingency plan to navigate a potential U.S. default, aiming to ensure the smooth functioning of the financial markets.

Concerns range from technical glitches to widespread panic if the United States fails to make payments on Treasurys, which are traditionally considered highly secure, akin to cash.

According to Wall Street’s strategy, investors would continue to trade all U.S. Treasurys, including those with outstanding interest or principal payments, the Wall Street Journal reported.

"Inside Wall Street’s Playbook to Prevent Debt-Ceiling Chaos"
READ MORE: https://www.wsj.com/articles/inside-wall-streets-playbook-to-prevent-debt-ceiling-chaos-46499241

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