The CME has ended the risk-free status of Treasury bills, subjecting them to a 0.5% haircut when...

|About: CME Group Inc. (CME)|By:, SA News Editor

The CME has ended the risk-free status of Treasury bills, subjecting them to a 0.5% haircut when used as collateral, and thereby increasing borrowing costs for banks who use them as such. With downgrades from S&P and Moody's quite possibly on the way, the CME's move could be a sign of things to come.