T-Bills Are Having Best Time of The Year. Here's Why.

Core Insights - The Dow is on track for a record close while the S&P and Nasdaq are experiencing declines [1] - Shorter-dated U.S. debt, particularly T-bills, is performing well, contrasting with the struggles in the AI trade [1] Market Performance - The yield on six-month U.S. debt has reached a new 52-week low of 3.625%, indicating higher prices for existing debt held by investors [1] - Yields on one-month T-bills are also lower, contributing to the positive performance of shorter-dated U.S. debt [1]