Is Jamie Dimon the Banking Crisis’s Big Winner, and the Pharma Stock Hitting One Record After Another 5/1/23
CNBC's "Fast Money"
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The Fed's Duality of Core Inflation and Unemployment
If we hit the debt ceiling, what happens to bonds? What usually happens around June 1st is all the treasury bills that mature on that date. People will avoid them and there'll be a big hump in the yield curve. If you don't get paid on those bonds, your money market fund has to value it at zero even if it's for one or two days. No one wants to be in a position to break the buck.
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