LONDON, May 10 (Reuters) - Short-dated U.S. Treasury bill yields jumped on Wednesday after wrangling in Washington over raising the U.S. debt ceiling continued, with around three weeks until the government could run out of cash to pay its obligations.
The yield on the one-month T-bill rose by more than 25 basis points (bps) to as much as 5.827%, hitting its highest since at least August 2001, according to Tradeweb data.
The yield on the two-month T-bill rose 11 bps to 5.233%.
On Tuesday, President Joe Biden and top lawmakers agreed to further talks aimed at breaking a deadlock over raising the $31.4 trillion U.S. debt limit, with just three weeks before the country may be forced into an unprecedented default. (Reporting by Samuel Indyk; Editing by Amanda Cooper)