Bizarro World! 1-month T-bill Yield Lower Than 1-year T-bill Yield (U.S. Faces A Recession If Congress Doesn’t Address The Debt Limit Within 2 Weeks, Yellin’ Yellen says)

Treasury Secretary Janet “Go big or go home” Yellen is beating the hysteria drum by saying that the US faces a recession if Congress doesn’t increase the debt ceiling.

Well, Janet, we are headed there anyway with GDP crashing to a measly 1.33%.

The fear of not approving a debt ceiling increase (laughable since Democrats can do it on their own) has caused there to be a “little dipper” in the US Treasury actives curve. Meaning that the 1-month T-bill yield is higher than the 1-year T-bill yield.

How bizarre is this getting?

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