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Is this a sign of what's to come and:?
Also Is this one reason Bernanke 'quit'?
Lew: Interest Rate on T-Bills Nearly Tripled In One Week -
http://www.cnsnews.com/news/article/terence-p-jeff...
"CNSNews.com) - Testifying in the Senate Finance Committee on Thursday, Treasury Secretary Jacob Lew said that the Treasury last week needed to offer nearly triple the interest rate it had offered the week before in order to sell Treasury bills at public auction."
Are investors getting Leary about buying US Treasuries = Not a good sign!
4 Answers
- 8 years agoFavourite answer
I don't think it's the reason Bernanke resigned.
Bond funds are beginning to short treasuries, investor sentiment is hopeless, the market is discounting QE and the only hope is a Fed chairman (or woman) with a penchant for negative interest rates and inflationism.
There are no safe haven investments right now. If you have any treasury bonds frame them and display. Mass deflation ahead
- The First DragonLv 78 years ago
Yes, to an extent; but the government is in a crisis now, and it will stabilize sometime before too long, and then things will get better for a while.
However, I expect increasing problems in the next few years.
- SarahLv 78 years ago
Investors are leery because republicans are bent on destroying our economy, have already shut down the government, and are trying to default on our debt.
