For the fourth time in a row, the Treasury has sold off short-term bills bearing no yields at all.
It seems that with a fresh round of jitters hitting the global economy, investors are only all-too-happy to let the government have their money for free, while they wait for other opportunities.
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See Also:
- Traders Snap Up 5-Year Notes For Just 2.665% Despite Record Auction Size
- New Year, Same Old Deficit Hawk Rubbish
- Mysterious Direct Bidding Strength Leads Traders To Suspect A Massive Hidden Treasury Buyer