It's a big move for short-term Treasury yields, which drop 3 bps to 0.14% on the apparent ending...


It's a big move for short-term Treasury yields, which drop 3 bps to 0.14% on the apparent ending of the  TAG program. A crisis stop-gap, TAG eliminated the $250K cap on FDIC deposit insurance. No longer insured at the bank, those with serious funds are moving the cash into government paper. Will the smaller banks (KBWR, QABA) take a hit?

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