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Accident? No, this is just “the boy who cried wolf” rhetoric.
Of course Congress will pass an increase after a few deals are ironed out.
Still, the Treasury bill that matures in November 2015 jumped in yield.
Leading the yield curve to have an inverse hump at the short end.
It is still amazing that the interest rate paid on bank excess reserves is higher than the short end of the yield curve.
Here is Treasury Secretary Jacob Lew (right) talking to investors (left).
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