For the first time in history, not even in 1929, $27 billion of three-month bills were sold at a discount rate of 0.005% and are now trading at negative yields. Investors will get back less than they pay for them for the security of actually being repaid. That shows real fear in the markets.
Unfortunately British Gilts are not considered such a safe bet…
BBC Bias Investigation Collars Basil Brush – The Sun
Drug Cartels Say “Ban Mephedrone!” – ASI Blog
Boot-Boy Tebbit Chases the Dragon – Telegraph
Can Gordon Brown Handle the Real World, Honestly? – Times
Labour’s Brave New Strategy - Dizzy
Mephedrone: Dealing with the Facts – ASI blog
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Parliamentary Standards Commissioner John Lyon said of LibDem MPs…
“The effect of members not making over these payments to the House was to put their private interest above their public interest, contrary to the Code of Conduct for Members of Parliament.”
+ Crude (June)
As of 16 Mar 2010
-Gilts (Mar)
As of 26 Feb 2010
Flat – No Positions
As of 23 Feb 2010 +30.81%
