Part 1 Beginner Why long-term crypto holders borrow against assets instead of selling A strategic guide to liquidity management, capital preservation, and the real tradeoff between selling and borrowing crypto Open guide 
Banks face further pressure as front end of the yield curve surges past 5%
Both the six-month and three-month T-Bill is above 5% for the first time in 16 years — putting further pressure on banks.
This article was published 3 years ago. Some details may no longer reflect current market conditions or recent developments. If you spot anything that needs an update, contact us.
Quick Take
- The market is reversing the assumed fed pause and the aggressive subsequent rate cuts for the second half of 2023.
- The three and six-month T-Bill is now above 5% for the first time in over 15 years.
- On top of that, the 3-month/ 10-year U.S. treasury spread is the deepest inversion for over 30 years. The market is signaling huge policy errors by the Fed.
- Investors are rushing to money market funds and the short end of the yield curve to get 5% on their cash — which will put further pressure on banks to raise deposits.
- But the biggest news is Apple is offering 4.15% off US savings accounts. Ordinary people feel safe using Apple and have a recognized and trusted brand. There are also no fees, minimum deposits, and a buy now, pay later program.
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