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Nothing to see here, says DB
Gird yourselves
Low-risk cash vehicles absorbed tens of billions of inflows during a season of bank turmoil
Capital Group predicts $1tn will flow into debt markets in next few years as investors move to lock in higher yields
Sellside research as a public service
Treasury secretary Janet Yellen has warned the government may run out of cash as early as June 1
For real. Hear us out
Biden refuses Republican preconditions for raising $31tn borrowing cap ahead of White House talks
Treasury secretary says circumventing Congress with 14th amendment was ‘among the not-good options’
Treasuries retreat following stronger than expected jobs data in world’s biggest economy
Market movements suggest concerns about the state of the fiscal debate on Capitol Hill are growing
Investors surprised by timing of announcement as Washington embroiled in debt ceiling fight
Retail investors purchase record amounts of Treasury bills at auction while bank deposits drop to near two-year low
Weak tax receipts means drop-dead date is rapidly approaching
New system would reduce reliance on banks and make US government bond market more like the stock market
Rising concerns over government borrowing could disrupt portfolios flush with deposits after banking crisis
SEC chair Gary Gensler says ‘once in a generation volatility’ highlights risks from shadow banking sector
Investors shun government debt maturing this summer amid Washington stalemate on raising borrowing limit
The OFR wades in
Wall Street retreats as S&P 500 snaps four-day advance
VERY
US stocks close lower as bank shares hit by Yellen’s comments on deposits
Daily trading volumes more than doubled as failure of SVB sparked headlong dash to safety of government debt
Historic rally in world’s most liquid market may have reflected a ‘short squeeze’
Net inflows of $120bn for the week are highest since 2020 amid ‘of a lot of angst’
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