Talk about a low interest rate: U.S. Treasury borrows $44 billion for less than 1% - Joseph Lazzaro

Sign Up | Log In | What is SocialPicks?

Talk about a low interest rate: U.S. Treasury borrows $44 billion for less than 1%
Nov 25, 2009 11:00 PM UTC

Joseph Lazzaro

Return	Risk
+4.14%	MID

Tracked Blogger

Profile & Performance

Subscribe to author

Via BloggingStocks:

Filed under: Federal Reserve, Recession, Financial Crisis

With more than $23 trillion pumped into the financial system via monetary and fiscal policy in the last 12 months, there's good reason to fear a rise in inflation, particularly if the U.S. Federal Reserve's quantitative easing is not withdrawn in time.

Further, rising inflation accompanied by competition for capital from abroad would invariably lead to rising interest rates in the United States, but so far, higher interest rates have not manifested themselves. One example: The U.S. Treasury this week sold $44 billion in two-year notes for 0.802%, Bloomberg News reported. In other words it borrowed $44 billion for less than 1% -- an astoundingly low rate.

Continue reading Talk about a low interest rate: U.S. Treasury borrows $44 billion for less than 1%

Talk about a low interest rate: U.S. Treasury borrows $44 billion for less than 1% originally appeared on BloggingStocks on Wed, 25 Nov 2009 18:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments

Read the rest of original post »

Add Comment

Be the first to comment on this story and earn 2 points.

Your Comment

IN THE PRESS

None of the information contained on SocialPicks.com constitutes a recommendation by SocialPicks or its users that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. SocialPicks is not responsible for the posts, discussions, and recommendations of the users on the Site. SocialPicks does not provide investment advice. You must make your own independent decisions regarding any security, portfolio of securities, transaction, or investment strategy mentioned on the website. SocialPicks' users' past results are not necessarily indicative of future performance. Neither SocialPicks nor any of its users guarantees any specific outcome or profit, and you should be aware of the real risk of loss in following any strategy or investments discussed on the website. You understand and agree that you use the Site and Services at your own discretion and risk and that you will be solely responsible for any damages that arise from such use. Before acting on any information contained on the website, you should consider whether it is suitable for your particular circumstances and strongly consider seeking advice from your own financial or investment adviser.