zondag 13 oktober 2013

U.S. Treasury Bills: Canary in the Coal Mine

Here we see the 1 month, 3 month and 1 year treasury bill yields.

You see that little spike at the end of the chart? That's the 1 month T-bill yield and it's the canary in the coal mine for the longer maturities.

1 month yields were higher than 1 year yields, indicating default risk.

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