|February 19, 2009|
This happened back in December, does this mean that the market will start to go back up on March 10?
Demand for safety sends 3-month Treasury rates below zero
Tue Dec 9, 2008 5:14pm EST
By Ellen Freilich
NEW YORK (Reuters) - Three-month U.S. Treasury rates dipped below zero on Tuesday amid intense demand for safe U.S. government debt and bets that the Federal Reserve will keep cutting interest rates to avert a deep, sustained recession.
U.S. Treasuries prices, which move inversely to yields, rose across the board and allowed the Treasury to sell $30 billion of four-week bills at an unprecedented high rate of 0.000 percent.
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