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Decided to buy a 52-week T-bill this month rather than the 26-week bills I have been rolling over for a couple years now. The rates recently haven't been that much worse, and the Treasury market is likely to be fucked next month because of the budget/debt ceiling stuff (the Treasury is already into "extraordinary fiscal measures").

At today's auction:
26-week 4.372%
52-week 4.237%

In fact, every maturity *except* 52-week cleared the auction at a few bps over 4.3%. #investments #uspol