THIS should be absolutely terrifying – any time a bond yield goes asymptotic like this, bad things are ALREADY happening!
” Treasury bills are getting hit hard today as the debt ceiling deadline approaches with little signs of an agreement in Congress to raise it. The chart below shows how the yield on the 1-month T-bill maturing October 31 — which traders are referring to as “Halloween bills” — is blowing out.”
Go ahead and review the yields of Greek bonds just before they went belly up – and the difference is??
(H/T: Business Insider)
