“1-Month T-Bill Rate Crashes: Lowest Since October Amid Soaring Debt-Ceiling Worries”

Traders have been investing heavily into the one-month US T-bill amid ongoing concerns over the debt ceiling. The rate fell over 40 basis points to around 3.3%, its lowest level since mid-October during New York afternoon trading, reported Tradeweb. Tom di Galoma, managing director and co-head of global rates trading at BTIG LLC, said the move reflects traders’ view that “the debt-ceiling crisis has been elevated.” While many negotiations still need to take place, many firms who had previously thought that the government can pay its bills through August, are now thinking that they can pay them through June.


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