While the October T-Bills have seen yield drop in the last 24 hours, they remain notably elevated relative to both longer-dated yields and the equity-market's exuberance. What is much more worrisome for the markets - most explicitly the repo markets - is the blow-outs now being seen in the Nov/Dec T-Bill yields as the can-kicking deadline gets priced in for another round of chaos in 6-8 weeks.
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The Dec T-Bills are now higher in yield than the Oct T-Bills were on Tuesday!!!