Dylan Ratigan celebrates 10th anniversary of Gramm-Leach-Blilley
November 16, 2009 9:50 pm

MSNBC

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Deja Vu As T-Bill Yields Turn Negative
November 19, 2009 5:39 pm

Zero Hedge Blog

The last time Bill yields turned negative (in essence investors paying the Government to hold their money for them) was in the days after the Lehman bankruptcy, when the entire world was about to blow up. So why did Bill yield for January maturity just turn negative once again? In other words, why are investors suddenly running for the hills? As Dow Jones reports, January and February bills hit a yield of -0.03% earlier. Some explanations have to do with Bill scarcity, as nobody wants to be exposed to anything beyond 3 months down the curve, let alone 1 year. However, the fact that bond investors may not be buying into the whole recovery BS (or just realize that there is nobody willing to roll near-dated treasurys into longer-tenor pieces of paper) and are once again running scared and willing to pay Ben Bernanke to hold their money for them should be very, very troubling. Additionally, could there be something more pressing and/or catalytic? We have not heard peep from any of the big banks in a while...

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Trawling for assassins - Interview with Frank Schaeffer
November 19, 2009 6:04 pm

Frank

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