As Debt Ceiling Lifts, Flood of T-Bills Set to Jack Up Rates

Get ready for the deluge of Treasury bills, and the increase in short-term funding costs that’s likely to accompany it.

 Investors are bracing for an onslaught of T-bill supply following last week’s U.S. debt ceiling suspension. That’s already prompting them to demand higher rates from borrowers across money markets. And that’s just a result of the government replenishing its cash hoard to normal levels.

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