Debt default fears drive demand for short-term Treasuries.
TL;DR
The rate on one-month Treasury bills fell almost 0.5% due to concerns about a potential government default by mid-June. The government may run out of money before then unless Congress raises the debt ceiling, as federal tax receipts due on April 18 have come in weaker than expected.
Topics:businessfinance#congress#debt-ceiling#federal-tax-receipts#finance#government-default#treasury-bills
- Default Fears Spur Demand for 1-Month Treasuries Barron's
- Here's how a debt default could impact you MSNBC
- Explainer: Looming US debt ceiling fight is starting to worry investors Reuters
- Opinion | The Constitution demands the debt be paid. Period. The Washington Post
- Opinion | Biden Doesn't Need Congress to Avoid a Debt-Ceiling Crisis The Wall Street Journal
Want the full story? Read the original reporting
Read on Barron's