The yields on the short term Treasury Bills have been on the rise since the FOMC started hiking the Dollar interest rates in March 2022. Earlier this week, the FOMC maintained the interest rates at 5.25% for the first time. This marks the beginning of the end of the current economic cycle. The yields are now at previous resistance from the 2007/2008 highs. If the FOMC Pivots at 5.25%, the short term Treasury yields will fall.
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