3 Month Treasury Yields Effectively Hit Zero

[muzie_IHB]

http://globaleconomicanalysis.blogspot.com/2008/09/3-month-treasury-yields-effectively-hit.html



3-month treasuries yield 0.02%. Flight to safety at all costs.



"The Fed is desperately attempting to free up the system with mammoth injections of short term repos. The problem for the Fed is no one trusts anything but treasuries and gold."

 

[norcaljeff_IHB]

At one point it actually went negative, meaning people were paying just for the oppty to be able to buy treasuries. I think we'll finally see a decent up date tomorrow.