Yields on one-month and three-month U.S. Treasury bills dropped below zero today, for the first time in more than four years by theothersarahh
Yields on one-month and three-month U.S. Treasury bills dropped below zero today, signaling that investors are still seeking out safe assets like fixed-income government debt even as the market claws back some gains on hopes the massive $2 trillion economic relief bill may pass the Senate today.
“This is part and parcel of the whole flight to quality thing,” 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.
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