Watch CNBC's full interview with Jefferies' David Zervos and Bleakley's Peter Boockvar

David Zervos, chief Market strategist at Jefferies; Peter Boockvar, chief investment officer at Bleakley Financial Group; and Dan Greenhaus, managing director at Solus Alternative Asset Management, along with CNBC's Steve Liesman join 'The Exchange' to discuss the debt limit deadline, how a debt default would impact the markets, and rises in government bonds yields.