Subject: Re: Treasury Bond Yields Tank
The strangeness continues. Today's auction of 4-week T-bills resulted in an Investment Rate of 5.964%. Last week's result was an Investment Rate of 3.905%. Over 2000 bps move in one week. Large amounts of money are sloshing around trying to find a new home. And the debt ceiling X-date is about 4 weeks away, around June 1st.

https://www.treasurydirect.gov...
https://www.treasurydirect.gov...