Six-Month Treasury Yield Rises to 4%: Bond Market Tells the Fed to Get on with the Rate Hikes

The government sold $84 billion of 6-month Treasury bills at an “Investment Rate” of 3.97% at the Treasury auction this week, up from 3.80% at the auction two weeks ago. In the secondary market, over those two weeks, the 6-month Treasury yield also spiked by 17 basis points...