Treasury borrows at record-low rate for 3-years

[TacticalPeek]

Source: AP


NEW YORK — Investors are buying three-year Treasurys at a record-low interest rate, in the first government debt auction since Standard & Poor's cut the U.S. credit rating on Friday.

The Treasury sold $32 billion in three-year notes to yield 0.50 percent Tuesday. That's a record low borrowing rate, according broker BTIG. Investors also placed bids for 3.29 times the $32 billion up for sale, the strongest show of demand since November 2009.

Treasury yields are near their lows for the year, after a stock market rout sent investors into the relative safety of Treasurys. When bond prices rise, yields fall.



Read more: http://www.dailyherald.com/article/20110809/business/110809587/

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Republican law-makers should fully divest themselves of Treasuries immediately.

[aquart]

1. Wouldn't have to borrow from the rich if we TAXED the rich.

[Recursion]

2. 0.5%? AYFKM?

Investors are paying the government to hold their money for three years. That's considered a better option than the stock market.