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The Treasury's Force to Rake the Debt Ceiling
The six month UST bill is hit 5.361%, which is the highest it's been since around 2001, 2002. While inflation or while long and 30 year yields for debt for treasury securities was at 1%. The government was actually just punting short end bills because the yields were 20 basis points, 0%. And now they're faced with the task of refinancing $500, $600 billion of debt.