GWIM T-Bill Flows

GWIM T-Bill Flows BofA’s private clients selling T-bills could possibly indicate the end of the Treasury bill “bubble.” Image: BofA Global Investment Strategy

Cash + T-bills % of AUM

Cash + T-bills % of AUM Will cash and T-bills serve as the driving force behind the bull markets of 2024? Image: BofA Global Investment Strategy

U.S. 1-Month T-Bill Yield

U.S. 1-Month T-Bill Yield U.S. Treasury bills (T-bills) have been hit by concerns over the U.S. debt ceiling. A default by the U.S. government on its debt would have serious and prolonged financial and economic effects. Image: BofA Global Investment Strategy

T-Bill Market – Treasury Bills

T-Bill Market – Treasury Bills Since March 2020, the T-bill market has doubled in size amid strong demand. Image: J.P. Morgan

Seasonality – S&P 500 % Change

Seasonality – S&P 500 % Change As cash and T-bills currently offer an attractive yield, should investors “sell in May and go away” this year? Image: TS Lombard