Update: The Debt Ceiling
It's here -- US Treasury cash may run out before June.
Today I saw a fantastic chart published by The Daily Shot (Figure 1). This provides a quick update to my post from a few days ago: "The Debt Ceiling: It's here -- US Treasury cash may run out before June".
According to The Daily Shot:
“The T-bill market has zeroed in on a June X-date (when the US Treasury runs out of emergency funding).”
This is clear based on the large differential between yields on T-bills at maturities from May through September.
The popcorn is tastier than ever.
— Brant
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