T-bills are scarce and the shortage is about to get even worse
Supply is set to get squeezed as the coronavirus scare causes demand for Treasuries to soar
The shortage of Treasury bills is about to get a whole lot worse.
All along, Wall Street has been bracing for a record decline in second-quarter net issuance as the Treasury cuts supply in response to tax season and the Federal Reserve buys bills to boost reserves.
But now, supply is set to ge
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