The rate on the 6-month T-bill jumped to 5.140% on Tuesday morning and headed for its highest level since February 2007, according to Tradeweb. Short-term rates rose after data from France and Spain showed inflation to be persistently stubborn outside the U.S., suggesting the need for continued tightening by central banks. The 6-month rate ended the New York session at 5.152% on Feb. 26, 2007.
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