US debt vote causing credit market uncertainty, says LGIMA

Legal & General Investment Management America’s head of fixed income, John Bender, says decision on whether to raise debt ceiling could have wider implications

LGIMA’s John Bender

The upcoming vote on whether to raise the US debt ceiling and the introduction of stricter domestic financial regulations are likely to be the biggest factors driving US credit markets in the short term, said John Bender, head of fixed income at LGIMA, during a media call on April 14.

US political ground remains firmly partisan on issues involving debt, budget cuts and austerity measures, and is likely to become increasingly rocky in the next few months. A last-minute deal was reached last week

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