The Traderszone Network

Published in TZ Latest News 17 October, 2015 by The TZ Newswire Staff

NIRP Goes To Nippon: Japan Auctions 1 Year Paper At Most Negative Yield On Record

Two weeks ago, on October 5 the financial punditry was dumbounded when – for the first time ever – the US Treasury sold $21 billion in 3-Month Treasury Bills at a yield of nothing, or 0.000%. And while the US had sold 1 month bills at zero yields before, this was the first time that investors were willing to fund Uncle Sam and give Jack Lew the privilege of holding their money not for 1 but 3 months without expecting anything in return.

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