A benchmark determining the interest rates of mortgages, credit cards and other types of loans, the federal funds rate also affects the yields of government bonds such as the 30-year and 10-year Treasury bills.

Source: https://observer.com/2023/10/interest-rate-hike-bank-ceo-investors/

In the domestic primary market for Treasury bills, the Treasury invited tenders for 91-day and 182-day bills for settlement value March 2, maturing on June 1 and August 31, respectively.

Source: https://timesofmalta.com/articles/view/money-market-report-week-ended-march-3.1017699

Last Friday, the average yield to maturity for Treasury bills was 5.22 per cent.

Source: https://www.dailymail.co.uk/money/diyinvesting/article-12854945/Freetrade-launches-Treasury-bills-offering-5-2-yield.html?ns_mchannel=rss&ns_campaign=1490&ito=1490

Signs of worry are already showing up in financial markets, as investors are demanding higher yields on some Treasury bills.

Source: https://gazette.com/news/us-world/explainer-shutdown-default-washingtons-risky-new-debt-ceiling-standoff/article_5881fbe3-d702-5e85-a788-4ec8ce4b56dd.html

While noting that Berkshire has about $128 billion in cash and U.S. Treasury bills, the billionaire said, "We want to be there if the banking system temporarily even gets stalled in some way.

Source: https://www.benzinga.com/government/23/05/32256856/buffett-offers-support-if-banking-system-gets-temporarily-stalled-dont-think-it-will-but-it-could