Debt Ceiling Anxiety Tracker: Market Fear About June Is Growing
- Yields on some early June bills jump to more than 5.4%
- Yellen now sees measures exhausted as early as June 1
The US Capitol in Washington, DC.
Photographer: Eric Lee/BloombergThis article is for subscribers only.
Yields on Treasury bills for early June soared Tuesday in the wake of a warning from Treasury Secretary Janet Yellen that the US government could run into debt-ceiling limitations as soon as the start of next month.
Even late on Monday, after the announcement by Yellen and a similar one from the non-partisan Congressional Budget Office, the highest rates on Treasury bills were evident around late July and August, signaling greatest concern around that point. But that has since shifted to early June amid the greater liquidity of New York morning trading.