Thursday, March 21, 2013

The Bond Vigilantes Are Here!!!

Actually people are paying the US for the privilege of it holding onto their money.
The Treasury auctioned 10-year inflation-indexed notes at a negative yield for an eighth consecutive time as investors remain skeptical that Federal Reserve measures won’t lead to a resurgence in consumer prices.

At this moment in time, borrowing money at negative interest rates and just dropping it out of helicopters most likely has a greater than -.602% return.