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U.S. default? 'Nobody wants to own that' -adviser

Reuters Videos
Updated

STORY: Mussio said there should be a "sanctity" and "predictability" to U.S. debt, adding, "we are the risk-free asset for the world and everything is priced on it. Real estate is priced on it. Stocks are priced on it. Other bonds are priced from it. Other country's bonds are priced from it. So the idea that we're not going to be operating as business as usual because of bit of a man-made political crisis is, you know, that's crazy talk to most people - and it makes market participants jittery."