Invesco Fixed Income writes "Countdown to Debt Ceiling Debate." The piece, written by Justin Mandeville, says, "As the March 15 deadline approaches, U.​S. Treasury bills could become increasingly volatile. In the first quarter of 2017, a newly minted Congress will be tasked with approving an increase in the U.​S. government'​s debt limit -- the so-​called "​debt ceiling" -- which is set to expire on March 15, 2017. If the debt ceiling is not raised, the US Treasury bill market could experience volatility as investors adjust to a potential reduction in the supply of Treasury bills.... If the debt ceiling is not raised in March, the US Treasury'​s cash balance, which is mandated by law, would need to decrease dramatically, which in turn means a sharp reduction in the need for US Treasury bill issuance.... With the debt ceiling battle on the horizon, we could see volatility in US Treasury bills in the coming months."

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