Is A US Default Imminent: Liquidation Panic Grips T-Bills Market

Friday, September 1, 2017
By Paul Martin

by Tyler Durden
ZeroHedge.com
Sep 1, 2017

While the politicians and the mainstream media are playing down any concerns about the US debt ceiling, Treasury Bill market participants are seeing chaos as the yield curve has snapped across the Sept-Oct divide with panic-buying in bills that mature ahead of the September-end (Q3-end liquidity needs), and dumping of October bills.

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