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T-Bills already providing larger discounts

Summary:
Bills already providing about B more fiscal transfer this year since the Fed first increased the policy rate in March…  notes and bonds haven’t rolled over at the higher rates yet…Last year Bill discount:This year Bill discount:Bill discount thru March 1  of this year:Free munnie!  ?

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Bills already providing about $25B more fiscal transfer this year since the Fed first increased the policy rate in March…  notes and bonds haven’t rolled over at the higher rates yet…


Last year Bill discount:

T-Bills already providing larger discounts



This year Bill discount:

T-Bills already providing larger discounts


Bill discount thru March 1  of this year:


T-Bills already providing larger discounts

Free munnie!  ?




Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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