Search
 

Treasury Yields Stuck Below Zero

Four-week T-bills will likely continue to offer negative yields as U.S. Treasury cuts issuance to keep federal government's spending under debt limit.

By Liz Capo McCormick, Bloomberg | Updated on September 23, 2015

Yields on the Treasury’s shortest-maturity obligations are getting locked in below zero as the U.S. moves to reduce issuance of bills to keep under the government’s debt limit.

The Treasury said on Monday that it would sell US$15 billion of four-week bills Tuesday, down from $20 billion Sept. 15 and $45 billion in July. Wall Street strategists expected bill offerings to fall short of the amount maturing in coming weeks—meaning the government would be paying down debt—as the Treasury exhausts funding measures after reaching its statutory borrowing limit in March.

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Dig Deeper

Recommended Stories

Treasury & Risk

Join Treasury & Risk

Don’t miss crucial treasury and finance news along with in-depth analysis and insights you need to make informed treasury decisions. Join Treasury & Risk now!

  • Free unlimited access to Treasury & Risk including case studies with corporate innovators, informative newsletters, educational webcasts, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM publications including PropertyCasualty360.com and Law.com.

Already have an account? Sign In Now
Join Treasury & Risk

Copyright © 2024 ALM Global, LLC. All Rights Reserved.