May 3 (Reuters) - Yields on 2-month U.S. Treasury bills
jumped on Wednesday on rising concerns that the U.S. Treasury
Department could hit its debt limit by the June deadline.
Top U.S. Senate Republicans on Tuesday called on President
Joe Biden to accept their package or make a counter-offer, while
a top Democrat said the Senate might try to advance a "clean"
debt-ceiling hike next week.
Markets want to avoid bills that will mature when there is a
risk that the U.S. could hit its debt limit.
The yield on the 2-month Treasury bill, which
matures on June 27, rose 27 bps to 5.254%.
(Reporting by Stefano Rebaudo; Editing by Amanda Cooper)
Messaging: stefano.rebaudo.thomsonreuters.com@reuters.net ));))
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