This is going to be funny... it’s like they are going to have to go to Congress and say: “hey! we need you to re-suspend the debt ceiling so we can borrow more money than you even need and your borrowing costs can be even higher!“.
Yeah that’s going to go over really well...
💵 Scale of T-Bill Drought Hinges on Biden Rescue, Income-Tax Haul
— Michael Goodwell (@MichaelGoodwell) April 25, 2021
🔹 Return of debt limit would require Treasury to slash cash pile
🔹 Short-term pressure spills over, pushing Libor to record lowhttps://t.co/vWHgeMRczX
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