From FT:
Short-term US interest rates turned negative on Thursday as banks frantically stockpiled government securities in order to polish their balance sheets for the end of the year.
On Thursday, Treasury bills maturing in January traded below zero per cent, traders said. Three-month bills traded at 1 basis point and six-month bills fell to a record low of 13bp – compared with 14bp at the height of the crisis last year.
Investors looking for some return piled into two-year notes, driving their yield down to 0.68 per cent, a year low
http://www.ft.com/cms/s/0/38f71676-d56a-11de-81ee-00144feabdc0.html
On Thursday, Treasury bills maturing in January traded below zero per cent, traders said. Three-month bills traded at 1 basis point and six-month bills fell to a record low of 13bp – compared with 14bp at the height of the crisis last year.
Investors looking for some return piled into two-year notes, driving their yield down to 0.68 per cent, a year low
http://www.ft.com/cms/s/0/38f71676-d56a-11de-81ee-00144feabdc0.html
