US Treasury's Plan to Borrow $1.1 Trillion Could Trigger Banking System Exodus, Analysts Warn

06/13 00:45

JPMorgan analysts predict that the US Treasury will need to borrow $1.1 trillion in short-term Treasury bills by the end of the year, which could lead to a significant flight of deposits from US banks. The higher yields on government debt are expected to attract customers away from savings accounts with inferior returns.

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