The 4-week T bill, June 6 maturity, is yielding almost 6%. This is not a typo.

by ObiWanCanownme

The Department of the Treasury has announced that it will be auctioning off $126,895,300,900 in 28-day bills on May 09. 2023. The bills will mature on June 06. 2023 and have an investment rate of 5.964%.

IN SLOW MOTION: Druckenmiller On America’s Debt Crisis: ‘It’s Like Watching A Horror Movie Unfold.’ “Honestly, all this focus on the debt ceiling instead of the future fiscal issue is like sitting on the beach at Santa Monica worrying about whether a 30-foot wave will damage the pier when you know there’s a 200-foot tsunami just 10 miles out.”