IFR-US high grade: 'Worry' indicator or safe haven buy?

Newswire

by Andrea Johnson BRADENTON, FL., July 27 (IFR) - Market reaction to Washington's game of deficit chicken has been mixed. Clearly, as each day passes you're seeing more nerves in stocks - but not the total fallout some had expected. Treasuries, meanwhile, are holding relatively steady. Some areas are obviously demonstrating the market's increased tension. Gold is soaring, as are short-term CDS rates in the United States. The dollar is falling. Looking at this week's feeble volume total so ...

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