Does that sound like a good deal to you? Probably not! Yesterday the Treasury sold a 4 week T-Bill at yields of .005% and for a short period of time less than 0%. This has NEVER happened before in the history of the United States. What does that mean? Large investors would rather take a small loss on their money than keep it in a savings account, CD, money market, or even cash. It means there is still a ton of fear in the market about the strength of banks and other investment tools. It is also pulling liquidity out of the banks who lend money if they had deposits.
Here is an article and video if you are interested:
http://www.cnbc.com/id/28157385
7 years ago
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