The Treasury keeps pounding the market with supply and the results show up as rising rates. The new 8 week bill sold today at 2.207%. The 4 week bill just keeps soaring at an accelerting angle. As long as the Fed continues its bloodletting program, pulling $50 billion per month out of the banking system, and the Treasury keeps pounding the market with an average of $80-100 billion per month in new debt, nothing will change.
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Term and Type: 8-Week Bill
High Rate: 2.170%
Investment Rate: 2.207%
Allotted at High: 28.43%
Total Tendered: $78,333,092,500
Total Accepted: $25,000,172,500
Auction Date: 10/16/2018
Issue Date: 10/18/2018
Maturity Date: 12/11/2018
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