Friday, November 20, 2009


T-bill terror
The yield on some short-term Treasuries, T-bills, turned negative on Thursday. That means that investors are piling into Treasuries to such an extent that they’re now willing to effectively pay the government for the benefit of owning them. The last time we saw this happening was in 2008, in the depths of the financial crisis.

[End of year] window dressing or a herald of cataclysmic financial failure?

You'll have to read the link to get FT Alphaville's take.



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