@hakanquarx
The rise in commercial paper rates and short-term T-Bill rates (near 3.9%) confirms that the cost of short-term borrowing remains elevated. This directly pressures corporate financing and credit markets, disproportionately impacting small-cap and high-leverage companies. I view this tight short-term credit condition as a significant factor limiting the breadth of any equity market rally.
#CreditMarket #Liquidity #TBill
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