Who is going to keep deposits in the banks earning .15% a year, when they can park those funds in short-duration T-Bills & make 6%?

The 1-month Treasury bill yield has moved up to 6.02%, the highest level we've seen with data going back to July 2001. pic.twitter.com/QVl8x7EwnG

— Charlie Bilello (@charliebilello) May 27, 2023

h/t Simian_Stacker