Anxiety appears to be building in the Treasury Bill market once again as the yield spread between 12/7 and 12/21 widens to 12bps after President Trump cast doubt on whether he and congressional leaders can agree to keep the government funded.
As AP reports, Trump is meeting with Democratic and Republican congressional leaders at the White House on Tuesday to discuss budget and immigration issues.
But, in a tweet, Trump cast doubt on whether they can agree to fund the government beyond a Dec. 8 deadline.
Says Trump: "I don't see a deal!"
Trump says Democrats "want illegal immigrants flooding into our Country unchecked, are weak on Crime and want to substantially RAISE Taxes."
Meeting with “Chuck and Nancy” today about keeping government open and working. Problem is they want illegal immigrants flooding into our Country unchecked, are weak on Crime and want to substantially RAISE Taxes. I don’t see a deal!
— Donald J. Trump (@realDonaldTrump) November 28, 2017
Better add this potential event risk to the reasons to sell vol...