T-bill Rates Fall Below Zero

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December 10th, 2008 by AdvisorAnalyst

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US T-BIll rates fell below zero today.

Bloomberg says: Trea­sury Bills Trade at Neg­a­tive Rates as Haven Demand Surges

Trea­suries rose, push­ing rates on the three-month bill neg­a­tive for the first time ... The Trea­sury sold $27 bil­lion of three-month bills yes­ter­day at a dis­count rate of 0.005 per­cent, the low­est since it start­ing auc­tion­ing the secu­ri­ties in 1929. The U.S. also sold $30 bil­lion of four-week bills today at zero per­cent for the first time since it began sell­ing the debt in 2001.

Three Month Yield




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