real-time news and commentary for investors
Tuesday, Oct 8
30-day T-bill rates spike higher
- One-month Treasury-bill rates continue to spike higher on worry of a missed payment due to failure to lift the debt ceiling, climbing another 6 basis points to 0.225% this morning. As comparison, 90-day bill rates are 0.04%.
- Financial markets are relatively calm, suggests UBS' Kelvin Tay, because they believe the U.S. will not default, but the price action in the 30-day bill rate is telling a different story.
- Short-dated Treasury ETFs: SHY, SHV, IEI, BIL, TUZ, FIVZ, DTUL, VGSH, DTUS, DFVS, DFVL, SST, ISTB, TBZ.