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2008-03-18 Home Front Economy

U.S. 3-month bill yield seen lowest in 50 years

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Posted by Steve White 2008-03-18 00:00|| || Front Page|| [8 views ] Top

#1 I don't know what market this news is about. I've been buying & redeeming T-bills since 1992. (I have never sold one, all are kept by me until maturity.) On Mon. the 17th the usual 3-month T-bill auction took place and the rate was 1.118 % for CUSIP 912795E98. This auction is open to anyone who has an account with TreasuryDirect.gov or with many brokerages such as Fidelity & Vanguard, which have free or low-cost options to access the sale. The 6-month T-bill was 1.337%. I don't participate in auctions at these low rates, but it's weird to see even lower rates publicized & fretted over.
3- and 6-month T-bills are sold almost every Monday of the year to virtually anyone who cares to bid.
Perhaps these rates only apply to those who are so financially stressed that they must sell a 90-day T-bill at when it has 89 days until maturity.

Posted by Anguper Hupomosing9418 2008-03-18 05:47|| 2008-03-18 05:47|| Front Page Top

#2 Bloomberg is quoting US 3 month treasuries at 1.08% (yield).

Posted by phil_b 2008-03-18 07:00|| 2008-03-18 07:00|| Front Page Top

#3 Well if the fed would stop dicking with the rate, they might be worth more.

Posted by DarthVader">DarthVader 2008-03-18 07:37|| 2008-03-18 07:37|| Front Page Top

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