by Kathleen Hoffelder NEW YORK, July 27 (IFR) - The political tug-of-war over the US debt ceiling is having a greater impact in some markets than in others. While US Treasury participants have taken little more than a passing glance since the discussions first started with 10-year US treasury yields falling to 3% on average last month, the US credit default swap market has rocked steadily. For the first time yesterday, it cost more for 1-year US CDS, which rose to 80bp, than 5-year US ...
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