shortdated treasury yields jumped on monday led by the onemonth tbill rate as president joe biden and house speaker kevin mccarthy were set to gather for a meeting at the white house the onemonth tbill rate was 5598 as of 910 am eastern time up from friday’s close of 5513 according to tradeweb data that’s a touch below the multiyear high of 568 reached earlier this month the rise in the onemonth rate indicates that investors and traders are avoiding the underlying treasury bill given concerns over whether the government would be able to pay its obligations after june 1