50-Year Low

The yield on the three-month T-bill is at a 50-year low.

“People are confused. They are in a reactive mode,” said Lou Brien, market strategist at DRW Trading in Chicago.
The yield on three-month T-bills, considered by economists as a “risk-free” benchmark return on U.S. assets, was last quoted at 0.84 percent, down 36 basis points from late Friday. It reached a low of 0.63 percent earlier.
“It’s a complete place to hide out,” Brien said.

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Posted by on March 17th, 2008 at 12:42 pm


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