Reported about 20 hours ago
The declining supply of Treasury bills is exerting downward pressure on US financing rates, with JPMorgan strategists indicating that this trend may be reaching its limits. The Treasury is reducing T-bill issuance to manage borrowing capabilities until the debt ceiling is addressed, leading to increased repo activities by money-market funds. While repo rates have declined, the potential for further decreases may be constrained by market dynamics and dealer counterparty exposures.
Source: YAHOO