CREDIT DAYBOOK AMERICAS: Debt-Ceiling Deal Nears; Inflation Data

Republican and White House negotiators are moving closer to an agreement to raise the debt limit and cap federal spending for two years. A measure of inflation will likely present a “clear-cut case” for another interest rate hike at the next FOMC meeting, according to Bloomberg Economics.

• The spread on the Markit CDX North American Investment Grade Index, which declines as credit risk drops, tightened 0.47 basis points to 76.8 as of 7:21 a.m. New York time
• The two sides of the debt ceiling impasse have narrowed differences in talks over recent days, according to the people, ...