Tuesday, December 20, 2011

US Sells $30 Billion in 4-Week Bills at 0.000%

The rush for the perceived safety of T-bonds pushed the 4-week yield today to ZERO.
This is the first time since post Lehman in 2008 that yields have reached zero.  In 2008 short term yields briefly went negative.
The treasury auctioned off $30 Billion in 28 day notes at a yield of 0.000%!

Nothing like rushing from the burning barn that is the Euro to the burning house that is the US dollar!
One day soon traders will be madly panicking out of T-bonds and into PHYSICAL GOLD AND SILVER