by confoundedinterest17
The April twenty ninth Treasury public sale produced some very European/Japanese-like outcomes. As in a 0% 4W excessive yield fee.
And because of Inexperienced Man (Fed Chair Jay Powell), the Fed’s System Open Market Account Holdings of Treasury Payments soared in 2019/2020 serving to to drive the 4W yield to 0%.
The 0% 4W yield fee may be very Japanese-like. Besides in Japan, Treasury yields are adverse at tenors of lower than 10 years.
Europe has 20 nations with 2-year Treasury yields of lower than 0%.
The US 3-month Treasury is being auctioned on Monday.
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