U.S. Debt ceiling agreement and tomorrow’s trading

There is a tentative agreement on the U.S. debt ceiling.  It comes at an interesting time given that U.S. equity markets will be closed tomorrow for their Memorial Day holiday while Toronto will be trading.

U.S. futures tonight suggest that the S&P will rise but only moderately on this news.

For those Canadians that take this as quite positive news it might be opportune to buy tomorrow.

I will be paying attention to Canadian government bond yields tomorrow to see how those react. I am not sure if the U.S. bond markets trade on holidays. 

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