May 24 (Reuters) – Yields on some Treasury bills that are due to be repaid in early June jumped to over 7% on Wednesday as investors shunned debt that is a risk of not being repaid if the U.S. Treasury Department runs out of cash.

The yields on bills due on June 1 were last at 7.198%, and briefly got as high as 7.310%. That is up sharply from Tuesday’s close of 5.992%. Other bills due on June 6 also rose as high as 7.119%.

Some investors are avoiding bills that come due in June in case the U.S. debt limit is not raised. (Reporting By Karen Brettell Editing by Chris Reese)

https://www.reuters.com/article/usa-bonds/yields-on-some-treasury-bills-maturing-in-june-jump-to-over-7-idUSL1N37L28H

And gold goes below 1943 at this minute.

Which is the greater Kabuki theater? Debt ceiling or gold slamming?

GL