Subject: Re: OT: T-bills
I'm loaded to the gills with short term treasuries and a few CLO's, etc. I'm probably in the minority but I see budget deficits going up with a vengeance rather than down. I'm also in the camp that eventually "some" of the longer higher rate treasuries have some chance of being "restructured" - meaning the rate will be cut. In my view all the norms and standards of the past are on the chopping block.