What Zero Yield in Treasury Bills Signal for Currencies
December 09, 2008 at 17:44 PM EST
Although currency and stock traders can’t figure out whether this is a bottom or a pause before more losses, the sentiment in the bond market is very negative. For the first time since the US Treasury started selling 4 week T-bills in 2001, the yield hit zero. In other words, bond market investors are willing to [...]