News, analysis and personal reflections on the markets & the financial sector

Tuesday, December 9, 2008

Need for safe haven drives Treasury bills close to 0%

As investors' flight to safety continues, buyers of U.S. Treasury bills snapped up three-month securities at a discount rate of 0.005%. The interest rate is the lowest for three-month bills in the Federal Reserve's records, which go back to 1934.


No comments: