On Wednesday of last week the United States 3 month treasury bill yield reached .03%, yet another remarkable chart from the current crisis.
via: No one wants to hold risk … – “I guess this is what a close to systemic financial crisis in the US looks like”
Daily Treasury Yield Rates show that the rate for Friday the 12th of September 1.49%, Monday the 15th 1.02%, Tuesday .84%, Wednesday .03%, Thursday .23% and Friday .99%.
Related: Corporate and Government Bond Yields – Curious Cat Investing and Economics Search – Credit Crisis Continues (April 2008)
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[...] as actually has taken place as it is just an average for each month (and in September the flight to quality became extreme at the end of the month). While the Fed did not announce a formal cut in the discount rate, the average rate for overnight [...]