Linkage: Prepare For Rate Rise

Sunday I noted that rates may rise slightly this week as a U.S. debt ceiling deal comes closer, and today’s links are on this theme. I don’t see a spike since economic data aren’t likely to show meaningful recovery, but mortgage bonds will likely lose ground as stocks rally on optimism about a fiscal deal and earnings, and it’ll cause some upward rate movement.

-Debt Ceiling & Europe Resolutions Are Bullish (David Kotok)
-Gang Of 6 Debt Ceiling Plan (TheHill: Story | Plan)
-Does Latest Debt Ceiling Plan Raise Or Cut Taxes? (David Wessel)
-Too Big To Default (Simon Johnson via TheTrader)
-3 Key Issues For The Market (Pragmatic Capitalist)
-Europe’s Debt Crisis Refuses To Die (NakedCapitalism)
-Sign of Housing Bottom? Deja Vu All Over Again (WSJ)
-Bill Gates Pie In Face (1999) vs. Murdoch Pie In Face (2011)