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“You’re seeing an aversion to the bills on and around thedate when the debt ceiling might be breached,” said Dan Mulholland, head of Treasury trading at BNY Mellon CapitalMarkets in New York. “A lot of these short Treasury bills aretypically held by accounts that use them for collateral. Theydon’t want to be in a situation where they can’t make good on acollateral payment.”
last-modified: 2021-03-07 10:37:54