Ukraine war fallout: higher yields for gov’t borrowings
The Bureau of the Treasury (BTr) on Monday (Feb. 28) rejected all T-bill bids as rates climbed across-the-board amid uncertainties wrought by a combination of the Ukraine-Russia war, higher domestic inflation, plus the US Federal Reserve’s forthcoming interest rate hike. Monday’s Treasury bill auction was the first domestic borrowing for March, as the awarded amount …
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