T-Bill drought?

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

🔹 Return of debt limit would require Treasury to slash cash pile

🔹 Short-term pressure spills over, pushing Libor to record lowhttps://t.co/vWHgeMRczX

— Michael Goodwell (@MichaelGoodwell) April 25, 2021