“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 […]