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URL:  https://boards.fool.com/bw-3-mo-tbill-yield-0-on-917-27039851.aspx

Subject:  BW: 3 mo TBill yield 0 on 9/17 Date:  9/29/2008  12:32 PM
Author:  pauleckler Number:  24667 of 36526

Business Week this week reported that on Sep 17, people were so frantic about getting out of money markets and other investments (ie the flight to quality) that they bid 3 mo T bills yield down to zero.

The yield curve data confirms--

http://www.ustreas.gov/offices/domestic-finance/debt-managem...

On 9/17 the yield on a 3 mo T-Bill hit 0.03%.

This is an indication of a lot of pain out there in the fixed income community. And it sure looks like CD yields and money markets may not be paying much yield for a while.

Since 9/17 there has been a bit of recovery, but this still looks feeble.
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