Actionable insights on equities, fixed-income, macros and personal finance Start 14-Days Free Trial
Actionable investing insights Get Free Trial
Fixed Income

Nearly 12% on 34-day Treasury Bill Auction


Following up from yesterday’s 35-day Cash Management Bill auction (which went at 11.70%), today’s 34-day CMB auction was cut off at 11.94%.

imageThis is effectively telling you that short term rates are now around 12%. We’re seeing commercial paper already trade above 12%, and many bank CDs are going at 11.5% to 12% now.

It will still take a couple weeks for this to mean higher deposit and lending rates.


Like our content? Join Capitalmind Premium.

  • Equity, fixed income, macro and personal finance research
  • Model equity and fixed-income portfolios
  • Exclusive apps, tutorials, and member community
Subscribe Now Or start with a free-trial