Already, the relative scarcity of Treasury paper has widened the yieldspread between Treasurys and other debt instruments like agencies, mortgages and corporates.
FORBES: Treasurys, The Endangered Species
2.
The 5.29% yield tightened relative to treasuries by eight basis points on the day leaving the spread at 586 basis points above government short-dated paper.
FORBES: Goldman Sachs, Bank Of America Spreads Widen With Bank Paper Still Out of Favor