The 'Halloween Bills' Are Getting Axe-Murdered

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		Home Tech Finance Markets Politics Strategy Entertainment Advertising Retail Sports Life Tuesday, October 8, 2013 The 'Halloween Bills' Are Getting Axe-Murdered Treasury bills are getting hit hard today as the debt ceiling deadline approaches with little signs of an agreement in Congress to raise it. The chart below shows how the yield on the 1-month T-bill maturing October 31 — which traders are referring to as "Halloween bills" — is blowing out. In the event that Congress doesn't come to an agreement on raising the debt ceiling by then, October 31 is the day the Treasury is projected to run out of cash, which means holders of those bills wouldn't receive interest payments. A $30 billion auction of four-week bills that just priced a few minutes ago was pretty ugly. The high yield at the auction was 0.35% — a 2.5 basis point tail — the highest since October 2008. Read » Also On Markets Today: Mohamed El-Erian Answers 4 Key Questions About The Debt Ceiling Fiasco The State Of The Global Economy In One Giant Slide Advertisement CHART OF THE DAY: This Chart Destroys The Debt Ceiling Truthers CHART OF THE DAY: 87 Years Of Crisis And Stock Market Volatility CHART OF THE DAY: Watch The Government Shutdown Eat Away At GDP Growth Share this: Facebook Twitter Digg Reddit StumbleUpon LinkedIn The email address for your subscription is: dwyld.kwu.jobhuntportal11@blogger.com Change Your Email Address | Unsubscribe | Subscribe | Subscribe to the Markets RSS Feed Business Insider. 257 Park Avenue South, New York, NY 10010 Terms of Service | Privacy Policy

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