Time to Sell
Our clients have been heavily invested in US T Bills at yields north of 5%. We continue to believe this is a good place to be invested until we have a better picture of US inflation and the Fed’s future interest rate plan.
Complicating matters are the Debt Ceiling limits and China/Russia’s expansionary tendencies. Both add to market uncertainties. In response, investors are investing heavily into T Bills with less than one month to maturity and yields on these instruments have moved to extremely low levels. Time to sell.
