The Treasury today sold $179B in short-dated debt at the highest yield since the global financial crisis.
$56B in 3-month T-bills sold to yield 1.64%, $45B of 6-month T-bills sold to yield 1.82%, $55B in 1-month T-Bills sold to yield 1.38%, and $28B in 2-year notes at 2.25%.
The government's financing needs are on the rise with net issuance ramping up to $441B in Q1 2018.
Now read: Bond Meltdown? »
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