Source – Removing the Shackles
Further to the article I wrote earlier today: “Did China Dump US Bonds? …and does it really matter?“,I am posting a couple of follow up comments and links.
So, the spin doctors are of course stating that CNN got hacked- their Twitter and Facebook accounts- which begs the question: how did the hackers of Twitter and Facebook manage to post an article on CNN? Really? REALLY?! And of course since the whole was just a joke/hack and nothing really happened…. then of course, nothing happened in response to the alleged Hack, Right?
Short-term Treasury yields jump on debt ceiling
NEW YORK (MarketWatch) — Short-term Treasury bill yields jumped Friday, signaling early jitters about a looming congressional debate over raising the debt ceiling. Treasury Secretary Jacob Lew has urged lawmakers to raise the borrowing limit as soon as possible. He said in a Jan. 22 letter to congressional leaders that so-called extraordinary measures to keep the government from hitting the debt ceiling would be exhausted by the end of February. An inability to borrow could delay payments on short-term debt, an issue that caused T-bill yields to spike, and prices to fall, during the last debt-ceiling debate in October, which was eventually resolved. One-month T-bills 1_MONTH +206.67% maturing just after the U.S. hits the debt limit, on Mar. 6, rose to nearly 9 basis points. T-bills maturing in mid-February and early April traded at a yield closer to 4 basis points.
Meanwhile, The US Public Is Distracted By This…
Submitted by Tyler Durden on 01/24/2014 11:03 -0500
With emerging market currencies collapsing, US equity hopes fading, bond yields tumbling, and 1.4 million people having fallen off the government transfer receipts bandwagon this week; what better way to distract the US public from that awkward reality that it’s all fake…
Well… and of course this.