News Headline Summary

Senate has enough votes to suspend the debt limit for 3 months

Update details:

- The passing of the bill now allows Congress to tackle the issue of Sequestration which takes effect on March 1st.

Reaction details:

- Emini S&P initially moved lower by 1 point from 1494.00 to 1493.00 before paring.
- No reaction was seen in USD or T-notes as this was largely expected and priced-in.

Print 20:50, 31 Jan 2013 - Economic commentary - Source: Newswires