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Good grief. There are two broker-sold funds that are yielding below 1% but have annual expenses that exceed that. There's a great way to lose money. Avoid BB&T US Treasury money market fund and Merrill Lynch WCMA Treasury Fund.

Five-year TIPS hit a yield of 0.01 percent on March 10. They traded below zero briefly on March 9. While the principle increases with inflation, the interpretation is that investors would completely sacrifice income versus a current yield bet in similar duration Treasuries. Wow. Are investors so completely fearful that the run into the security of Treasuries is over-done?

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More and more are concerned about return of capital as opposed to return on capital.  I don't think it is a bad strategy.  I think they will be ready to jump in when others panic.
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Okay, I certainly understand your point, but is the economy in such bad shape that a negative nominal return is acceptable? Opportunity comes in many forms and in my opinion, these investors have given up looking.
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