Payment Delays Caused No Discernable Change in Treasury Yields.

The article reports that the delayed payments of the U.S. Treasury Department does not affect changes in the Treasury yields, according to the article published at the journal "Financial Review" in 1989. Topics discussed include the increase in the borrowing cost of the U.S. government, the concerns on the implication of the planned changes in the monetary policy, and the implication of the delays on the demand for the Treasury securities.