Markets
US T-bill rate slides after tentative debt deal
NEW YORK : The interest rate on US Treasury bills due Aug 4 fell sharply on Monday after a tentative deal among top Wash
NEW YORK: The interest rate on US Treasury bills due Aug 4 fell sharply on Monday after a tentative deal among top Washington lawmakers to raise the US debt ceiling soothed anxiety of a US sovereign debt default.
The rate on the T-bill issue, which the government might skip repaying if its statutory $14.3 trillion borrowing limit were not raised by Tuesday, was last quoted at 20 basis points, down more than 5 basis points from late Friday, according to Tradeweb.
Copyright Reuters, 2011
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