Markets will start pricing for debt ceiling mishap around Oct. 10: Credit Suisse

http://blogs.marketwatch.com/thetell/2013/09/25/markets-will-start-pricing-for-debt-ceiling-mishap-around-oct-10-credit-suisse/?mod=MW_home_latest_news

Jersey and Marshall noted that securities “most at risk to adverse market reactions” include certain Treasury securities maturing on October 24 and October 31.
U.S. sovereign credit default swaps already appear to have reacted by jumping in price Monday, signalling an increase in the cost of protecting against default. To insure $10 million of U.S. debt against default for five years, it now costs $31,000 per year, a jump from $22,000 last week, according to Markit data.
Even so, some believe markets are being too optimistic about a debt ceiling solution. Kit Juckes, currency strategist at Societe Generale, told Business Insider Wednesday that he is one of those folks: “There is a view in Washington that financial market participants are a bit too optimistic about the prospects for the U.S. debt ceiling being raised. Guilty as charged.”
But financial markets, far from just reacting to fiscal gridlock in Washington, may have to be a part of signalling the need for a speedy solution. Greg Valliere, chief political strategist at Potomac Research Group, writes in a Wednesday note:

Liking my patience more and more with my Miners positions I will be selling into this volatility which I figure the gates of hell will open up the first week of October. 

Stay the course....