Friday, 12 December 2008
You just know that things have got to be serious when some people are prepared to pay the government to hold on to their money for them. I know it sounds mad but I'm a sucker for listening to news of the financial crisis and I keep hearing on Bloomberg that three month US Treasury notes occasionally sell at a negative yield. They rallied somewhat this morning to close yielding a magnificent 0.01%.
Posted by Richard Farmer at 12:03