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Thursday, March 26, 2020

Sub-zero 1-month and 3-month Treasury yields

Yields on both the 1-month and 3-month Treasury bills fell below zero yesterday, marking the first time that happened since 2015, when both bills briefly flashed red and yields fell to minus 0.002%.
However, the readings on Wednesday were well below those, with the one-month traded at minus 0.053% and the three-month at minus 0.033%.
Japan and large swaths of Europe have had negative-yielding debt for some time now (in Germany all government fixed-income instruments except the 30-year bond carry rates below zero).
https://seekingalpha.com/news/3555359-sub-zero-1-month-and-3-month-treasury-yields

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