+++ US Treasury Bills Trade at Negative Yields +++

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…


Seen Elsewhere



Tip offs: 020 7193 4041
team@Order-order.com

Quote of the Day

Peter Mandelson tells Emma Barnett…

“I think that Jeremy Corbyn himself should search his conscience and ask himself whether he’s the best person to lead the Labour Party into the general election with the best chance of success for the party.”

Sponsors

Guidogram: Sign up

Subscribe to the most succinct 7 days a week daily email read by thousands of Westminster insiders.