After US President Trump turned on..........>

US TSYS: After US President Trump turned on members of his own party with regard

to the looming debt ceiling speculation remains around 1) if there will be a

government shutdown 2) what effect a shutdown would have.

- BMO note they don't expect a default or missing of any payments. They add Tsy

Secy Mnuchin "is on record as saying that debt prioritization (i.e. servicing

Treasury debt, Social Security, and the military before paying other expenses

such as federal employees) is not an option Moody's chimed in" Thursday "and

noted, just in case, that 'prioritisation would not affect our sovereign rating.

It's obviously not an ideal thing, but our rating speaks to the risk of default

or loss on government debt. If there were some non-debt obligations paid later

than they otherwise would, that's not the same thing.' While there might be

disagreement amongst the major bond raters, our biggest takeaway from the

comments from Moody's was that focus on this issue isn't limited to bill

investors as the market prepares for an eventful fall."