Monday, December 8, 2008

Flight to safety... 3 months T Bills at 0%

The bills were sold at a high discount rate of 0.005 percent - http://www.bloomberg.com/apps/news?pid=20601087&sid=aPOndwHQsnOg&refer=home

Read this again - "The Treasury sold $27 billion in three-month bills at the lowest rate since it starting auctioning the securities in 1929"

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