{"id":12094,"date":"2023-05-22T10:40:30","date_gmt":"2023-05-22T14:40:30","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/one-month-treasury-rate-jumps-as-debt-ceiling-concerns-linger\/"},"modified":"2023-05-22T10:40:31","modified_gmt":"2023-05-22T14:40:31","slug":"one-month-treasury-rate-jumps-as-debt-ceiling-concerns-linger","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=12094","title":{"rendered":"One-month Treasury rate jumps as debt-ceiling concerns linger"},"content":{"rendered":"<div id=\"js-article__body\" itemprop=\"articleBody\" data-sbid=\"WP-MKTW-0002082296\" role=\"document\">\n<p>The one-month Treasury bill rate led an advance in short-dated yields Monday morning, as President Joe Biden and House Speaker Kevin McCarthy were set to resume debt-ceiling negotiations.<\/p>\n<h2>What\u2019s happening<\/h2>\n<ul class=\"articleList\">\n<li>\n      The yield on the 2-year Treasury note<br \/>\n        TMUBMUSD02Y,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.000%\" channel=\"\" class=\"\">4.328%<\/bg-quote><br \/>\n       advanced to 4.303% from 4.287% on Friday. Yields move in the opposite direction to prices.<\/p>\n<\/li>\n<li>\n      The yield on the 10-year Treasury note<br \/>\n        TMUBMUSD10Y,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.000%\" channel=\"\" class=\"\">3.702%<\/bg-quote><br \/>\n       was 3.692%, little changed from 3.690% as of Friday afternoon. <\/p>\n<\/li>\n<li>\n      The yield on the 30-year Treasury bond<br \/>\n        TMUBMUSD30Y,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.000%\" channel=\"\" class=\"\">3.946%<\/bg-quote><br \/>\n       was 3.937%, down slightly from 3.946% late Friday.<\/p>\n<\/li>\n<\/ul>\n<h2>What\u2019s driving markets<\/h2>\n<p>The rate on one-month Treasury bills<br \/>\n        TMUBMUSD01M,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.000%\" channel=\"\" class=\"\">5.572%<\/bg-quote><span>,<\/span><br \/>\n       which provides a gauge of the market\u2019s debt-ceiling stress, jumped to 5.598% as of 9:10 a.m. Eastern time, up 8.5 basis points from Friday\u2019s close of 5.513%, according to Tradeweb. That\u2019s near a multiyear high of 5.68% reached earlier this month.<\/p>\n<div class=\"paywall\">\n<p>Investors and traders sold off the one-month T-bill, given concern about whether the government could pay its obligations after June 1. The primary focus for financial markets continues to be the developments surrounding the U.S. debt-ceiling negotiations, which were set to resume on Monday. <\/p>\n<p>Meanwhile, St. Louis Fed President James Bullard said on Monday that he would like two more quarter-of-a-percentage-point interest-rate hikes this year to put downward pressure on inflation. His colleague, Minneapolis Fed President\u00a0Neel Kashkari, said in an\u00a0interview\u00a0with The Wall Street Journal\u00a0published Sunday that he\u2019s open to pausing rate hikes at the Fed\u2019s next meeting.<\/p>\n<p>In <a rel=\"nofollow noopener\" href=\"https:\/\/twitter.com\/SquawkCNBC\/status\/1660608090851401730\" target=\"_blank\" class=\"icon none\">an interview<\/a> with CNBC on Monday morning, Kashkari, who is a 2023 voting member of the rate-setting Federal Open Market Committee, said: \u201cImportant to me is not signaling that we\u2019re done. If we were to skip in June, that does not mean that we are done with our tightening cycle.\u201d<\/p>\n<p>Markets are pricing in a 76.7% probability that the Fed will leave interest rates unchanged between a range of 5%-5.25% on June 14, according to the CME FedWatch Tool. Fed funds futures traders also see a 23.3% chance of a quarter-point hike next month, according to 30-day Fed Funds futures.<\/p>\n<p>The minutes of the Fed\u2019s May 2-3 meeting will be released on Wednesday.<\/p>\n<h2>What analysts are saying<\/h2>\n<p>\u201cCasting a shadow over monetary policy and the markets is the need to raise the debt limit to avoid a default on Treasurys at some point in June with President Biden set to meet today with House Speaker McCarthy,\u201d said Scott Buchta, head of fixed-income strategy for Brean Capital.<\/p>\n<p>\u201cAll of this has the making of a market reacting to data, Fedspeak, and tape bombs on the debt ceiling,\u201d with \u201cregional bank stress simmering in the background,\u201d Buchta wrote in a note.<\/p>\n<\/p><\/div>\n<\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/>Read the full article <a href=\"https:\/\/www.marketwatch.com\/story\/treasury-yields-dip-as-debt-ceiling-concerns-linger-c10124a0?mod=markets\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The one-month Treasury bill rate led an advance in short-dated yields Monday morning, as President Joe Biden and House Speaker Kevin McCarthy were set to resume debt-ceiling negotiations. What\u2019s happening The yield on the 2-year Treasury note TMUBMUSD02Y, 4.328% advanced to 4.303% from 4.287% on Friday. Yields move in the opposite direction to prices. The [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1898,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"gallery","meta":{"footnotes":""},"categories":[241],"tags":[83],"class_list":["post-12094","post","type-post","status-publish","format-gallery","has-post-thumbnail","hentry","category-markets","tag-featured","post_format-post-format-gallery"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>One-month Treasury rate jumps as debt-ceiling concerns linger | iFintechWorld<\/title>\n<meta name=\"description\" content=\"The one-month Treasury bill rate led an advance in short-dated yields Monday morning, as President Joe Biden and House Speaker Kevin McCarthy were set to\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=12094\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"One-month Treasury rate jumps as debt-ceiling concerns linger | iFintechWorld\" \/>\n<meta property=\"og:description\" content=\"The one-month Treasury bill rate led an advance in short-dated yields Monday morning, as President Joe Biden and House Speaker Kevin McCarthy were set to\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ifintechworld.com\/?p=12094\" \/>\n<meta property=\"og:site_name\" content=\"iFintechWorld\" \/>\n<meta property=\"article:published_time\" content=\"2023-05-22T14:40:30+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-05-22T14:40:31+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/mw_logo_social.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"News Room\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"News Room\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/ifintechworld.com\/?p=12094#article\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=12094\"},\"author\":{\"name\":\"News Room\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\"},\"headline\":\"One-month Treasury rate jumps as debt-ceiling concerns linger\",\"datePublished\":\"2023-05-22T14:40:30+00:00\",\"dateModified\":\"2023-05-22T14:40:31+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=12094\"},\"wordCount\":451,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"keywords\":[\"Featured\"],\"articleSection\":[\"Markets\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/ifintechworld.com\/?p=12094#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ifintechworld.com\/?p=12094\",\"url\":\"https:\/\/ifintechworld.com\/?p=12094\",\"name\":\"One-month Treasury rate jumps as debt-ceiling concerns linger | iFintechWorld\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/#website\"},\"datePublished\":\"2023-05-22T14:40:30+00:00\",\"dateModified\":\"2023-05-22T14:40:31+00:00\",\"description\":\"The one-month Treasury bill rate led an advance in short-dated yields Monday morning, as President Joe Biden and House Speaker Kevin McCarthy were set to\",\"breadcrumb\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=12094#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ifintechworld.com\/?p=12094\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ifintechworld.com\/?p=12094#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/ifintechworld.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"One-month Treasury rate jumps as debt-ceiling concerns linger\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ifintechworld.com\/#website\",\"url\":\"https:\/\/ifintechworld.com\/\",\"name\":\"Repay Down\",\"description\":\"Latest Personal Finance News, Tips and Updates\",\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/ifintechworld.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/ifintechworld.com\/#organization\",\"name\":\"Repay Down\",\"url\":\"https:\/\/ifintechworld.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"width\":558,\"height\":90,\"caption\":\"Repay Down\"},\"image\":{\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\",\"name\":\"News Room\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"caption\":\"News Room\"},\"sameAs\":[\"https:\/\/ifintechworld.com\"],\"url\":\"https:\/\/ifintechworld.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"One-month Treasury rate jumps as debt-ceiling concerns linger | iFintechWorld","description":"The one-month Treasury bill rate led an advance in short-dated yields Monday morning, as President Joe Biden and House Speaker Kevin McCarthy were set to","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ifintechworld.com\/?p=12094","og_locale":"en_US","og_type":"article","og_title":"One-month Treasury rate jumps as debt-ceiling concerns linger | iFintechWorld","og_description":"The one-month Treasury bill rate led an advance in short-dated yields Monday morning, as President Joe Biden and House Speaker Kevin McCarthy were set to","og_url":"https:\/\/ifintechworld.com\/?p=12094","og_site_name":"iFintechWorld","article_published_time":"2023-05-22T14:40:30+00:00","article_modified_time":"2023-05-22T14:40:31+00:00","og_image":[{"width":1200,"height":630,"url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/mw_logo_social.png","type":"image\/png"}],"author":"News Room","twitter_card":"summary_large_image","twitter_misc":{"Written by":"News Room","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/ifintechworld.com\/?p=12094#article","isPartOf":{"@id":"https:\/\/ifintechworld.com\/?p=12094"},"author":{"name":"News Room","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61"},"headline":"One-month Treasury rate jumps as debt-ceiling concerns linger","datePublished":"2023-05-22T14:40:30+00:00","dateModified":"2023-05-22T14:40:31+00:00","mainEntityOfPage":{"@id":"https:\/\/ifintechworld.com\/?p=12094"},"wordCount":451,"commentCount":0,"publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"keywords":["Featured"],"articleSection":["Markets"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/ifintechworld.com\/?p=12094#respond"]}]},{"@type":"WebPage","@id":"https:\/\/ifintechworld.com\/?p=12094","url":"https:\/\/ifintechworld.com\/?p=12094","name":"One-month Treasury rate jumps as debt-ceiling concerns linger | iFintechWorld","isPartOf":{"@id":"https:\/\/ifintechworld.com\/#website"},"datePublished":"2023-05-22T14:40:30+00:00","dateModified":"2023-05-22T14:40:31+00:00","description":"The one-month Treasury bill rate led an advance in short-dated yields Monday morning, as President Joe Biden and House Speaker Kevin McCarthy were set to","breadcrumb":{"@id":"https:\/\/ifintechworld.com\/?p=12094#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ifintechworld.com\/?p=12094"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/ifintechworld.com\/?p=12094#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ifintechworld.com\/"},{"@type":"ListItem","position":2,"name":"One-month Treasury rate jumps as debt-ceiling concerns linger"}]},{"@type":"WebSite","@id":"https:\/\/ifintechworld.com\/#website","url":"https:\/\/ifintechworld.com\/","name":"Repay Down","description":"Latest Personal Finance News, Tips and Updates","publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ifintechworld.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ifintechworld.com\/#organization","name":"Repay Down","url":"https:\/\/ifintechworld.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","width":558,"height":90,"caption":"Repay Down"},"image":{"@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61","name":"News Room","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","caption":"News Room"},"sameAs":["https:\/\/ifintechworld.com"],"url":"https:\/\/ifintechworld.com\/?author=1"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/12094","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=12094"}],"version-history":[{"count":1,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/12094\/revisions"}],"predecessor-version":[{"id":12095,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/12094\/revisions\/12095"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/media\/1898"}],"wp:attachment":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12094"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12094"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12094"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}