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T-Bill drought?

Summary:
This is going to be funny... it’s like they are going to have to go to Congress and say: “hey! we need you to re-suspend the debt ceiling so we can borrow more money than you even need and your borrowing costs can be even higher!“. Yeah that’s going to go over really well...? Scale of T-Bill Drought Hinges on Biden Rescue, Income-Tax Haul? Return of debt limit would require Treasury to slash cash pile? Short-term pressure spills over, pushing Libor to record lowhttps://t.co/vWHgeMRczX— Michael Goodwell (@MichaelGoodwell) April 25, 2021

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This is going to be funny... it’s like they are going to have to go to Congress and say: “hey! we need you to re-suspend the debt ceiling so we can borrow more money than you even need and your borrowing costs can be even higher!“. 

Yeah that’s going to go over really well...



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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