Interest rates jump as T-bills hit 10 percent, increases investor returns

Short-term interest rates on risk-free government securities have risen to 10 percent, piling pressure on returns for various assets including bank loans.

Investors secured a near four-year high rate of 10.109 percent in the latest auction of the 364-day Treasury Bill, a level last seen in January 2019 when the paper was sold at 10 percent.