Some investors are taking cover in preparation for a possible U.S. debt default. Where are the signs of market fear? Look no further than short-term Treasury bills, U.S. government debt that matures over the next 30, 60 or 90 days.
Rates for these government bonds have been spiking over the last several days as investors bet that the government won’t be able to make debt payments later this month.
Fidelity Investments has sold off all its Treasury bonds that are due in late October and early November.
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