Stock Market
The 6-Month Treasury Bill Breaches 5%, a 16-Year High
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The rate on U.S. six-month Treasury bills surpassed 5% on Tuesday, reaching its highest level since 2007.
That’s good news for investors looking to earn even more on their short-term cash. It’s still not enough to offset inflation, however, which remains stubbornly high even as the latest government data show it slowing.
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