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Germany aims to issue no new debt from 2015

German finance minister Wolfgang Schaeuble (in an advance copy of an interview with Focus magazine seen on Sunday) said in the Reuter's article:
  • Aims to issue no new debt from 2015
  • To cut the level of debt to GDP to below 60% (currently around 80%) within 10 years
  • Did not mention plans to pay back Germany’s just over 2 trillion euro debt
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New proposed debt ceiling limit, Nov 22

There is a tentative report/rumor that Boehner told Republicans they would extend the debt ceiling until November 22nd. It doesn’t sound like this will include anything about a continuing resolution to re-open the government. Rather, they’re looking for ‘broader talks’ on the budget.
If I had to lean out, I’d say that this is it. All the good news is priced in now. The risk is that the market turns on the short-term nature of the hike, combined with the lack of progress on the government shut…
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