Photo: Speaker Kevin McCarthy and President Joe Biden, during a meeting in the Oval Office on May 22. Photographer: Yuri Gripas/Abaca/Bloomberg House Speaker Kevin McCarthy and President Joe Biden, during a meeting in the Oval Office on May 22. Photographer: Yuri Gripas/Abaca/Bloomberg

There has been a slight reduction in the fear premium being baked into Treasury bills that are most at risk if lawmakers fail to resolve the debt-ceiling crisis. Still, anxiety remains elevated as Democrats and Republicans continue to wrangle over the borrowing limit and the window for reaching a deal continues to narrow.

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