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Debt-ceiling fears gained momentum on Tuesday as traders pulled forward their expectations about when the U.S. government might begin to be unable to pay its debts.Those worries were expressed via a selloff in the Treasury market’s most short-dated maturity: the 1-month T-bill BX:TMUBMUSD01M.
On Tuesday, investors aggressively avoided the 1-month bill, sending its yield up to 3.680% as of 12:20 p.m. New York time, according to Tradeweb. That’s up 33.2 basis points since last Friday, when the bill was broadly seen as a safe…
