worried trader
  • Investors are getting nervous that the US could default on its debt. 
  • Demand for debt insurance has skyrocketed, while demand for US Treasury bills has fallen off, the FT reported.
  • The US could fail to meet its obligations as soon as July this year, the Congressional Budget Office warned.

Investors appear to be growing more anxious about the standoff on raising the US debt ceiling as a deadline looms before the US possibly defaults this summer.