Wednesday, June 9, 2010

More Downward Pressure on T-Bill Rates

Mike Dunton at Mt. McKinley Bank emails:

Now the 3 month looks dodgy.
I just checked the 3-month  at 12:35 pm ET it was in the 9’s.
1-month is in the 7’s.


Just a thought: This could be, as Bob English posted on the comments, a result of new auctions, it also could be a reaction to events already taken place, or diving for cover for an anticipated negative event. (I know that may already be painfully obvious to you.)

If there’s one thing I’ve learned in the last 2 years, when T-bills go below 10 bps they don’t play, “Happy Days are Here Again!!!”

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