Utter Chaos at the Short End of the Treasury Market and at the 28-Day Treasury Bill Auction: A Deep Dive

Utter Chaos at the Short End of the Treasury Market and at the 28-Day Treasury Bill Auction: A Deep Dive

SGT Report - 2023-05-07 - Original post - Cached copy

by Wolf Richter, Wolf Street: Investors exacting their pound of flesh for the risk of a default “as early as” June 1. The chaos has been going on for weeks. And then it got funny at the Treasury auction on Thursday. Back on April 20, I marveled that the totally crazy 164-basis-point spread between the one-month […]

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