An Update On The "March Banking Panic" | Weekly Round Up
Inflection Point
00:00
The One Month Treasury Bill Is Yielding Much Lower Than the Three Month Treasury Bill
The short term funding market is sending us a signal that is on the spectrum of a total nothing burger to a doomsday clock. The one month treasury bill is yielding much much lower than the three months treasury bill or a similar sort of interest rate swap so if you can get it you swap with the bank or park it out the Fed and you get 4.76% what do you think the one month treasury is going to get 4.77? You know pretty similar things balance out but the demand for one month treasury bills has been so high that it's now yielding, you know, well over 100 basis points so 3.76 3.5So we are quite low in terms of the
Play episode from 49:07
Transcript
