Treasury Bills Now Yield 0%

In the upside-down world we live in, treasury bills are offering 0.0 % interest. Might as well stuff your money in a mattress. Next to come: you will have to pay the government to hold your money.

See http://www.wsj.com/articles/u-s-treasury-bonds-pull-back-1444052528

“The U.S. Treasury sold a new government security with a three-month maturity and a yield of zero for the first time on record, reflecting the highest demand since June.

In essence, buyers gave a free short-term loan to the U.S. government in exchange for a highly liquid debt instrument for their portfolio.”

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Published in: on October 6, 2015 at 6:07 pm  Leave a Comment  

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