Investor Anxiety Grows Over Debt Ceiling and Sparks Demand for Short-Term Treasuries.
TL;DR
Fears of an earlier-than-expected government default have led to a buying frenzy of one-month Treasury bills, causing their rate to fall nearly half a percentage point. Weak federal tax receipts due on April 18 could result in the government running out of money before mid-June unless Congress raises the debt ceiling.
- Default Fears Spur Demand for 1-Month Treasuries Barron's
- Markets are starting to get worried about the debt ceiling CNN
- Shopping for Insurance Against a Debt-Ceiling Debacle? Buyer Beware The Wall Street Journal
- Debt Ceiling Anxiety Tracker: Market Charts to Watch as Investor Worries Grow Bloomberg
- Opinion | The Constitution demands the debt be paid. Period. The Washington Post
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