accountMore of a technical market recap today and less about the overall trade thesis but remember “this is a credit event...
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TREASURY BILLS
Treasury bills, or T-bills, are short-term debt obligations backed by the U.S. government with a maturity of less than one year. T-bills are considered the least risky investment available in the U.S. Treasury bills are sold in denominations of $1,000 up to a maximum purchase of $5 million and commonly have maturities of 28 days (four weeks), 91 days (13 weeks), 182 days (26 weeks), or 364 days (52 weeks).
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This is a credit event that equity will be forced to acknowledge. The message may be getting old but following it today...
'In economics, things take longer to happen than you think they will, and then they happen faster than you thought they...
The Weekly Leading Index (WLI) growth indicator of the Economic Cycle Research Institute (ECRI) posted -7.
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