Treasury Bubble Part II: Three-Month Yield Turns Negative
By Kristina Zurla Landgraf • Dec 10th, 2008 • Category: Broker Commentary, Market UpdatesTreasury Bubble Part II: Three-Month Yield Turns Negative by Phil Streible & Richard Ilczyszyn Risk-aversion has been driving investors, and they have been rushing into U.S. Treasuries. Yields have been pushed down to historic lows across the yield curve, and in an unprecedented development, three-month Treasury bill yields have actually turned negative. The Treasury bubble [...]
