X-Date Estimate – June 5 or so?

From Zeng and Ryan at DeutscheBank yesterday.

Source: Zeng, Ryan, Debt Ceiling Developments Weekly Tracker, May 22, 2023.

There are no days before June 5 when both House and Senate are in session. Both houses are in session on June 6-8, 12-15, 20-23.

Little sign of pressure in equity markets, but more in bond markets, and in CDS.