Treasury Bills Signal Debt-Ceiling Deal Fails to Resolve Drama
- Rates tumble on October bills, while rising on December debt
- Treasury borrowing would likely remain constrained to year-end
Trump, Democrats Reach Deal on Debt-Limit, Harvey Aid
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Treasury bills are suggesting that the agreement between the Trump Administration and congressional leaders on an extension of the U.S. debt limit doesn’t signal the end of the political drama.
While rates on bills maturing around the previous deadline outlined by Treasury Secretary Steven Mnuchin have plunged, they’re surging on securities coming due around the Dec. 15 date that Democratic leaders said they’ve agreed to with the administration.