Testing Broken T-Bills From Stimulus Talks, Brighter Data – Bloomberg
A statue of Albert Gallatin, former US Secretary of the Treasury, stands outside the Treasury building in Washington, DC
Photographer: Andrew Harrer / Bloomberg
Photographer: Andrew Harrer / Bloomberg
Large bets against the US government bond market paid off last week. Whether it’s a short-term win or the trade of the year depends on what happens next in Washington.
The Treasury’s sale…