3 ms·
What's interesting is that until very recently, the interest rate on treasury bills were higher for shorter term ones versus longer term. That is, the 4 week o
by u801e 3y ago
What's interesting is that until very recently, the interest rate on treasury bills were higher for shorter term ones versus longer term. That is, the 4 week ones had a higher interest rate compared to the 26 week ones. In fact, the daily treasury bill interest rate for May 26, 2023 was
5.78% for 4 weeks
5.30% for 8 weeks
5.16% for 13 weeks
5.28% for 17 weeks
5.18% for 26 weeks
4.98% for 52 weeks
[1] https://home.treasury.gov/resource-center/data-chart-center/interest-rates/TextView?type=daily_treasury_bill_rates&field_tdr_date_value=2023 https://home.treasury.gov/resource-center/data-chart-center/...
- kasey_junk 3y agoThis is the famous inverted curve. It’s generally been a predictor of recession. But this time it’s been inverted for over a year with no recession (yet). One of the many baffling parts of the economy currently.
- pgwhalen 3y agoThe yield curve inversion to recession lag is typically around 18 months (with big error bars), so it’s not super notable yet.