Yes, Washington DC is not Bruce Springsteen’s “Lucky Town.” In fact, it is unlucky … for the rest of us given their insane spending habits.
The US Treasury Bills curve collapsed this morning.
Liquidity moves markets!Click here to learn how you can follow the money.
The Treasury bill maturing on October 5, 2017 declined from 1.20% a couple of days ago to 1.067% today.
The shift in the Treasury bill curve since September 1 can be seen here:
While we see a little disturbance in the US CDS 5Y, it is almost undetectable in the US CDS 1Y.
Finally, The Federal Reserve’s Vice Chairman Stanley Fischer has resigned suddenly for personal reasons.
Wall Street Examiner Disclosure:Lee Adler, The Wall Street Examiner reposts third party content with the permission of the publisher. I am a contractor for Money Map Press, publisher of Money Morning, Sure Money, and other information products. I curate posts here on the basis of whether they represent an interesting and logical point of view, that may or may not agree with my own views. Some of the content includes the original publisher's promotional messages. In some cases I receive promotional consideration on a contingent basis, when paid subscriptions result. The opinions expressed in these reposts are not those of the Wall Street Examiner or Lee Adler, unless authored by me, under my byline. No endorsement of third party content is either expressed or implied by posting the content. Do your own due diligence when considering the offerings of information providers.