g5000
Diamond Member
- Nov 26, 2011
- 125,189
- 68,677
Something I considered an impossibility eight years ago.
“This is part and parcel of the whole flight to quality thing,” said Kim Rupert, managing director of global fixed income at Action Economics. “They’re obviously the most liquid instrument. We saw a lot of selling pressure a few days ago when everyone was selling everything to get cash. But with all the plans the Fed has introduced, the bill market is much safer.”
The U.S. now joins large swaths of Europe and Japan that also have negative-yielding debt.
And to think the Fed is fixin' to print even more money to buy corporate bond ETFs and your mortgage!
Happy time!
Negative rates come to the US: 1-month and 3-month Treasury bill yields are now below zero
Yields on both the 1-month and 3-month Treasury bills dipped below zero Wednesday
www.cnbc.com
“This is part and parcel of the whole flight to quality thing,” said Kim Rupert, managing director of global fixed income at Action Economics. “They’re obviously the most liquid instrument. We saw a lot of selling pressure a few days ago when everyone was selling everything to get cash. But with all the plans the Fed has introduced, the bill market is much safer.”
The U.S. now joins large swaths of Europe and Japan that also have negative-yielding debt.
And to think the Fed is fixin' to print even more money to buy corporate bond ETFs and your mortgage!
Happy time!