tag:blogger.com,1999:blog-6616959642391988608.post509075109007026941..comments2024-03-28T00:18:25.641-07:00Comments on Calafia Beach Pundit: T-bill yields are ZEROScott Grannishttp://www.blogger.com/profile/14028519647946868684noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-6616959642391988608.post-73606545002384786952008-12-04T08:16:00.000-08:002008-12-04T08:16:00.000-08:00Good point. There has been a pickup in currency ou...Good point. There has been a pickup in currency outstanding which may be evidence of currency hoarding, but so far it's not significant. Still, I think the main driver of zero yields is simply a frantic desire for safety on the part of big money. You aren't going to stash billions of dollars in currency under a mattress easily, are you? Big money has no alternative but T-bills.Scott Grannishttps://www.blogger.com/profile/14028519647946868684noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-8467426216776352302008-12-04T02:02:00.000-08:002008-12-04T02:02:00.000-08:00When the only way is up for T-Bill yields, does a ...When the only way is up for T-Bill yields, does a rise really indicate sentiment improving? It could mean things have REALLY gone to hell in a handbasket and people questioning the safety of loaning money to the government and are sticking it under their mattress instead. I would also suggest net yields are already negative when fees etc are considered. The treasury bubble is ripe to pop for sureThe Lab-Rathttps://www.blogger.com/profile/07536760477782772549noreply@blogger.com