The level of the Discounted T-Bill of 4.09% strongly suggests the older Fed pattern of hiking rates to catchup. A hike to mid-range of 4.13% for Fed Funds is highly likely if past patterns continue.
Fed Funds Rate Hike Likely
Discounted T-Bill yields reaching 4.09% signal a likely Fed Funds rate hike to the 4.13% mid-range as the central bank follows historical catchup patterns.
Disclaimer:
The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.
Comments
Log in or sign up to join the conversation.