I mentioned a couple of weeks ago about some odd happenings in the T-Bill market. Between June 1 and 14, yields on the four-week Treasury fell off a cliff. Diving from 0.15% to as low as 0.02%. An 87% decrease in a very short period of time. Other short-term securities also saw yields plunge. The 13-week T-Bill dropped 56%. The 26-week bill fell 32%.
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