Morning Bid: Debt vote in sight, but further Fed squeeze

A look at the day ahead in U.S. and global markets from Mike Dolan

As U.S. markets reopen after Monday's holiday, investors now have toboth houses of Congress will vote to lift the U.S. debt ceiling this week, after White House and Republican leaders finally thrashed out a deal before Treasury runs out of cash before a new June 5 deadline.

Though largely illiquid out of U.S. hours, one-month Treasury bill yields were marked about 10 basis points higher than Friday's close. U.S. stock futures were about 0.5% higher, in part due to relief over the debt deal - even though, unlike the latest big debt ceiling standoff in 2011, there has been little noticeable disturbance in stock indices over the past month.and Marvell sending both those stocks up more than 20% each.in Spain later this year was partly offset by encouraging inflation news early on Tuesday.

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